Silver price retests – Analysis - 01-04-2019
Economies.com
2019-04-01 04:32AM UTC
Silver price shows some bullish bias to retest the previously broken support line that turns into key resistance now at 15.22, accompanied by stochastic reach to the overbought areas, while the EMA50 forms negative pressure against the price.
Therefore, these factors support the chances of bouncing bearishly to resume the expected bearish trend on the intraday basis, which its next target located at 14.73, while achieving it conditions holding below 15.22.
The expected trading range for today is between 14.85 support and 15.25 resistance.
The expected trend for today: Bearish
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