Silver price continues to decline – Analysis - 16-04-2019

2019-04-16 03:39:36 GMT (Economies.com)
Silver price continues to decline – Analysis - 16-04-2019
 

Silver price shows more of the bearish bias to crawl gradually towards our main waited target at 14.73, and we expect the continuation of the bearish trend, supported by the organized trading within the bearish channel that appears in the image, supported by the EMA50, where it keeps pressing negatively on the price, pointing that breaking the mentioned level will push the price to 14.50 as a next station.

 

Therefore, the bearish trend will remain preferred for today unless breaching 15.22 level and holding above it.

 

The expected trading range for today is between 14.73 support and 15.10 resistance.

 

The expected trend for today: Bearish

 

 
 
 
  Symbol Last Change Chg.%
1.1221
-0.0052
0.4599%
1.2503
-0.0072
0.5722%
16.211
0.993
6.525%
55.748
-4.585
7.600%
62.83
1.06
1.72%
1425.365
9.870
0.697%
 
 
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