Silver price is forced for some decline – Analysis - 03-06-2020
Economies.com
2020-06-03 03:33AM UTC
Silver price shows negative trades since yesterday to move near the initial support 17.77, which represents the first protection factor to the recently suggested positive scenario, noting that the EMA50 keeps supporting the price from below, while stochastic reaches the oversold areas’ thresholds.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 18.93 level mainly, noting that breaking 17.77 will press on the price to test 17.10 aras before any new attempt to rise.
The expected trading range for today is between 17.60 support and 18.40 resistance.
The expected trend for today: Bullish
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