Silver price tests the channel’s resistance - Analysis - 15-03-2021
Economies.com
2021-03-15 05:09AM UTC
Silver price found solid support at 25.50, to show some bullish bias and test the intraday bearish channel’s resistance, accompanied by stochastic loss to the positive momentum clearly, which support the chances of bouncing bearishly to resume the recently suggested negative scenario.
Therefore, we expect witnessing negative trades in the upcoming sessions unless breaching 26.40 and holding above it, noting that our targets begin by breaking 25.50 to confirm heading towards 24.55.
The expected trading range for today is between 25.40 support and 26.40 resistance.
The expected trend for today: Bearish
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