Silver price resumes the decline – Analysis - 10-04-2019

Silver price’s rise stopped at the previously broken bullish trend line yesterday, which formed good resistance at 15.30, to rebound bearishly and move below the key resistance 15.22 again, which supports the continuation of our bearish overview that its next target located at 14.73.

Surpassing the EMA50 supports the expectations to decline, while breaching 15.22 – 15.30 will stop the suggested bearish bias and push the price to achieve positive targets that begin at 15.62.

The expected trading range for today is between 14.90 support and 15.30 resistance.

The expected trend for today: Bearish