Silver price faces solid support – Analysis - 02-10-2019

Economies.com
2019-10-02 04:57AM UTC

Silver price provided positive trading after the price found a difficulty to break 16.96 level, noticing that stochastic lost its positive momentum, to form a negative motive that we wait to push the price to decline again and break the mentioned level to confirm the extension of the bearish wave to 16.33 as a next main station.

 

Therefore, we will keep preferring the bearish trend in the upcoming period unless breaching 17.60 level and holding with a daily close above it.

 

The expected trading range for today is between 16.80 support and 17.60 resistance.

 

The expected trend for today: Bearish

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