Silver price loses momentum – Analysis - 25-11-2020
Economies.com
2020-11-25 05:37AM UTC
Silver price settles below the the broken support of the bullish channel that appears on the chart, noticing that stochastic loses its positive momentum clearly, to approach the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 22.17 level mainly.
Therefore, our bearish overview will remain valid and active supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 23.60.
The expected trading range for today is between 22.30 support and 24.00 resistance.
The expected trend for today: Bearish
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