Silver price tests the resistance – Analysis - 09-02-2021
Economies.com
2021-02-09 05:27AM UTC
Silver price traded positively to test the key resistance 27.60, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend scenario active, as breaching it will push the price to regain the main bullish trend that its next target located at 29.80.
Stochastic shows negative signals that support the chances of bouncing bearishly and resume the correctional bearish track, noting that our next target is located at 25.50.
The expected trading range for today is between 26.70 support and 28.00 resistance.
The expected trend for today: Bearish
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