Silver price faces negative pressure - Analysis - 19-05-2021
Economies.com
2021-05-19 04:04AM UTC
Silver price trades with clear negativity now to approach testing the minor support 27.90, noticing that stochastic got rid of its negative momentum to reach the oversold areas, while the EMA50 continues to provide the positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 29.00, noting that breaking 27.90 will cause more decline to visit 27.05 areas before any new positive attempt.
The expected trading range for today is between 27.50 support and 28.60 resistance.
The expected trend for today: Bullish
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