Silver price completes a positive pattern – Analysis - 10-01-2019

2019-01-10 04:58:04 GMT (Economies.com)
Silver price completes a positive pattern – Analysis - 10-01-2019
 

Silver price breached 15.62 level clearly and settled above it, and it begins the breaching process to the minor bearish channel’s resistance now, which forms bullish flag pattern that we expect to assist to push the price to continue rising in the upcoming period, on its way to visit 16.00 level as a next positive target.

 

Therefore, we suggest witnessing more rise on the intraday basis, unless breaking 15.50 level and holding with a daily close below it.

 

Expected trading range for today is between 15.60 support and 16.00 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0025
0.2212%
1.3208
-0.0088
0.6600%
15.434
0.139
0.909%
58.869
0.486
0.833%
66.90
-0.94
1.39%
1313.235
10.925
0.839%
 
 
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