Silver price is stable – Analysis - 16-05-2019
Economies.com
2019-05-16 00:42AM UTC
Silver price keeps its stability below the bearish channel’s resistance, falling under continuous negative pressure coming by the EMA50, which supports the chances of breaking 14.73 to confirm the continuation of the main bearish trend, which its next targets located at 14.50 and extend to 13.93.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, reminding you that holding below 14.85 represents the first condition to continue the expected decline.
The expected trading range for today is between 14.50 support and 14.90 resistance.
The expected trend for today: Bearish
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