Silver price faces solid resistance – Analysis - 17-11-2020
Economies.com
2020-11-17 05:27AM UTC
Silver price faced temporary negative pressure yesterday but we notice that the EMA50 managed to stop the negative trades, to keep the bullish trend scenario valid for the upcoming period, waiting ot breach 25.06 to head towards our extended positive targets that start at 26.00 and extend to 26.88.
On the other hand, we should note that breaking 24.45 will put the price under additional negative pressure that targets testing 23.60 before any new positive attempt.
The expected trading range for today is between 24.20 support and 26.00 resistance.
The expected trend for today: Bullish
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