Silver price loses momentum – Analysis - 30-05-2019
Economies.com
2019-05-30 00:45AM UTC
Silver price settles around 14.40, noticing that stochastic loses its positive momentum to approach the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday and short term basis, which its next target located at
13.93.
The continuation of the bearish wave depends on moving inside the bearish channel that appears on the chart, reminding you that it is important to hold below 14.73 to continue the expected decline.
The expected trading range for today is between 14.10 support and 14.50 resistance.
The expected trend for today: Bearish
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