Silver price loses momentum - Analysis - 03-03-2021
Economies.com
2021-03-03 05:10AM UTC
Silver price provided positive trades yesterday to approach 27.00 barrier, noticing that stochastic lost its positive momentum to enter the overbought areas, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 25.50 mainly, reminding you that it is important to hold below 27.15 to continue the expected decline.
The expected trading range for today is between 26.00 support and 27.15 resistance.
The expected trend for today: Bearish
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