Silver price tests the channel’s support - Analysis - 14-05-2021
Economies.com
2021-05-14 04:48AM UTC
Silver price continued to decline to reach the intraday bullish channel’s support line and keeps its stability above it until now, waiting to rebound bullishly to resume the expected bullish trend for the upcoming period, which targets 28.25 level initially.
We should note that breaking 26.60 and holding below it will stop the suggested positive scenario and press on the price to achieve additional decline to visit 25.50 level before any new attempt to rise.
The expected trading range for today is between 26.60 support and 27.50 resistance.
The expected trend for today: Bullish
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