Silver price faces negative pressure – Analysis - 08-04-2020
Economies.com
2020-04-08 05:00AM UTC
Silver price achieved some gains yesterday and approached 15.50 level, but it faces negative pressure to move below 15.08 now, which urges caution from the upcoming trading, as the price needs to trade above this level to keep the bullish scenario active for the upcoming period, which targets 16.00 level as a next station.
Stochastic shows positive signals that support the chances of rising in the upcoming sessions, to continue suggesting the bullish trend conditioned by the price stability above 15.08, as breaking this level will press on the price to decline againd and head towards 14.17 initially.
The expected trading range for today is between 14.85 support and 15.50 resistance.
The expected trend for today: Bullish
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