Silver price tests the resistance – Analysis - 25-04-2019

Silver price made new test to the bearish channel’s resistance that appears on the chart and keeps its stability below it, as the EMA50 meets this resistance to add more strength to it, while stochastic shows clear negative signals now.

Therefore, we believe that the chances are valid to resume the breaish bias in the upcoming sessions, to continue suggesting the bearish trend unless breaching 15.00 followed by 15.22 levels and holding above them, reminding you that our main targets begin at 14.73 and extend to 14.50.

The expected trading range for today is between 14.70 support and 15.05 resistance.

The expected trend for today: Bearish