Silver price gathers the positive momentum – Analysis - 18-11-2020
Economies.com
2020-11-18 05:45AM UTC
Silver price returns to test 24.45, as it settles around it now, while stochastic gains the positive momentum on the four hours’ time frame, which supports the chances of resuming the positive trades in the upcoming sessions, to keep our bullish overview and wait to breach 25.06 to open the way to extend the bullish wave towards 26.00 followed by 26.88 levels.
Therefore, the bullish trend scenario will remain active for today, noting that breaking 24.45 will press on the price to visit 23.60 areas before any new attempt to rise.
The expected trading range for today is between 24.00 support and 25.50 resistance.
The expected trend for today: Bullish
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