Silver price consolidates negatively – Analysis - 14-01-2021
Economies.com
2021-01-14 04:53AM UTC
Silver price kept its stability below 25.50 level, providing negative trades to start moving away from this level, which leads the price to resume the correctional bearish trend, which targets 22.87 areas mainly.
Therefore, the bearish bias will be expected for today, supported by the EMA50 that presses negatively on the price, noting that breaching 25.50 will stop the suggested decline and push the price to regain the main bullish trend again.
The expected trading range for today is between 24.50 support and 25.80 resistance.
The expected trend for today: Bearish
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