Silver price crawls towards the negative target – Analysis - 05-02-2021
Economies.com
2021-02-05 04:56AM UTC
Silver price provided negative trades yesterday and tested 26.00$ barrier, to keep the bearish trend scenario active for the upcoming period, supported by moving below the EMA50, reminding you that our waited target is located at 25.50.
On the other hand, we should note that breaching 27.60 and holding above it will stop the negative scenario and push the price to resume the main bullish trend again.
The expected trading range for today is between 25.50 support and 26.80 resistance.
The expected trend for today: Bearish
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