Silver price keeps declining – Analysis - 04-02-2019

2019-02-04 04:52:47 GMT (Economies.com)
Silver price keeps declining – Analysis - 04-02-2019
 

Silver price resumed its negative trading to approach the EMA50, and as long as the price is below 16.00, our bearish overview will remain valid, noting that our waited target is located at 15.62.

 

We should note that surpassing the targeted level will extend the bearish wave to reach 15.22 as a next station, while breaching 16.00 will lead the price to achieve new gains and target 16.50 level on the near term basis.

 

Expected trading range for today is between 15.62 support and 16.00 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1244
-0.0066
0.5809%
1.3001
-0.0079
0.6005%
15.005
0.020
0.134%
64.010
0.218
0.343%
71.97
0.35
0.49%
1275.700
-15.150
1.174%
 
 
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