Silver price presses on the support – Analysis - 19-09-2019
Economies.com
2019-09-19 04:56AM UTC
Silver price begins to press on 17.60 level, and it needs to break this level to rally towards our next target that reaches 16.95, noting that the EMA50 forms negative pressure on the price to support the chances of achieving the required break.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallie to breach 18.40 level and hold above it.
The expected trading range for today is between 17.40 support and 17.75 resistance.
The expected trend for today: Bearish
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