Silver price resumes the decline – Analysis - 08-10-2019

Economies.com
2019-10-08 04:46AM UTC

Silver price shows calm bearish bias to support the expectations of continuing the correctional bearish trend, falling under the negative pressure formed by the EMA50, and we believe that the way is open to achieve our first target at 16.96.

 

Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 17.60, as breaching this level is considered as the first positive key to stop the current bearish correction and regain the main bullish trend.

 

The expected trading range for today is between 17.10 support and 17.60 resistance.

 

The expected trend for today: Bearish

 

 

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