Silver price tests the key resistance - Analysis - 10-03-2021
Economies.com
2021-03-10 05:15AM UTC
Silver price continued to rise to test 26.05 resistance, which formed solid barrier against the price, to witness bearish rebound now that supports the expectations of continuing the main bearish trend, waiting for more decline in the upcoming sessions.
Stochastic negativity supports the expectations to decline today, and the targets begin by breaking 25.50 to ease the mission of heading towards 24.55 as a next main station, noting that breaching 26.05 will stop the negative scenario and push the price to return to the main bullish trend again.
The expected trading range for today is between 25.00 support and 26.20 resistance.
The expected trend for today: Bearish
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