Silver price heads towards the next target – Analysis - 05-03-2019

Economies.com
2019-03-05 05:10AM UTC

Silver price keeps its stability below 15.22 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50, waiting for more decline to visit 14.73 level that represents our next main target.

 

Holding below 15.22 represents the first condition to continue the expected decline, as breaching it might push the price to test 15.62 areas before any new attempt to decline.

 

The expected trading range for today is between 14.80 support and 15.30 resistance.

 

The expected trend for today: Bearish

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