Silver price declines calmly – Analysis - 03-05-2019

Economies.com
2019-05-03 04:14AM UTC

Silver price shows calm negative trades and keeps its stability below 14.73, to keep the bearish bias active on the intraday and short term basis, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 14.50 and extend to 13.93 after surpassing the previous level.

 

We should note that breaching 14.73 followed by 14.85 levels will stop the expected decline and push the price to achieve gains that start at 15.22.

 

The expected trading range for today is between 14.40 support and 14.75 resistance.

 

The expected trend for today: Bearish

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