Silver price surpasses the first target – Analysis - 02-05-2019

Silver price succeeded to achieve our waited target at 14.73 and broke it to close the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, and the way is open to achieve our next target at 14.50.

Therefore, the bearish bias will remain dominant on the intraday and short term basis, noting that the continuation of the expected decline conditions holding below 14.73 and 14.85 levels.

The expected trading range for today is between 14.45 support and 14.75 resistance.

The expected trend for today: Bearish