Silver price gathers the positive momentum – Analysis - 06-04-2020

Economies.com
2020-04-06 05:01AM UTC

Silver price settles above 14.17, and the EMA50 meets this level to add more strength to it, noticing that stochastic gains the positive momentum to support the chances of resuming the positive trades in the upcoming sessions.

 

Therefore, the bullish trend will remain active on the intraday basis, waiting to visit 15.08 level as a next target, noting that it is important to hold above 14.17 to continue the expected rise.

 

The expected trading range for today is between 14.20 support and 15.10 resistance.

 

The expected trend for today: Bullish

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