Silver price completes negative pattern – Analysis - 29-01-2020
Economies.com
2020-01-29 05:52AM UTC
Silver price traded with strong negativity to break 17.60 level and settles below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that its negative targets begin at 17.00 and extend to 16.35.
Therefore, we suggest witnessing more decline in the upcoming sessions, taking into consideration that breaching 17.60 will stop the expected decline and leads the price to rise again.
The expected trading range for today is between 17.00 support and 17.65 resistance.
The expected trend for today: Bearish
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