Silver price gathers the positive momentum – Analysis - 22-03-2019
Economies.com
2019-03-22 05:18AM UTC
Silver price bounced bearishly after testing 15.62 level yesterday, to lean on the EMA50 and begins positive attempts now, noticing that stochastic gathers the positive momentum gradually, while the price moves inside an intraday bullish channel that appears on the chart.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, and the price needs to breach 15.62 to confirm rallying towards 16.00 as a next main station, reminding you that the continuation of the expected rise depends on the price stability above 15.22.
The expected trading range for today is between 15.30 support and 15.70 resistance.
The expected trend for today: Bullish
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