Silver price surpasses the first target – Analysis - 30-09-2019
Economies.com
2019-09-30 04:59AM UTC
Silver price confirmed breaking 17.60 level, to open the way to continue the bearish wave in the upcoming sessions, as our next target is located at 16.96, which represents 50% Fibonacci correction level for the rise from 14.29 to 19.64.
The EMA50 presses negatively on the price to support the chances of continuing the bearish bias, taking into consideration that breaching 17.60 will stop the expected decline and push the price to start recovery attempts that target testing 18.40 areas initially.
The expected trading range for today is between 17.00 support and 17.60 resistance.
The expected trend for today: Bearish
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