Silver price loses momentum – Analysis - 19-01-2021
Economies.com
2021-01-19 05:23AM UTC
Silver price shows some slight bullish bias to approach the key resistance 25.50, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, while the EMA50 meets the mentioned resistance to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which depends on the price stability below the mentioned resistance, reminding you that our next main target reaches 22.87.
The expected trading range for today is between 24.40 support and 25.60 resistance.
The expected trend for today: Bearish
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