Silver price tests the resistance - Analysis - 08-03-2021
Economies.com
2021-03-08 05:03AM UTC
Silver price trades positively to test the intraday bearish channel’s resistance that appears on the chart now, noticing that the price begins to rebound bearishly, supported by the negative pressure formed by the EMA50, besides stochastic loss to the positive momentum.
Therefore, we will continue to suggest the bearish trend for upcoming period conditioned by the price stability below 26.05, reminding you that our next main target is located at 24.65.
The expected trading range for today is between 24.80 support and 26.05 resistance.
The expected trend for today: Bearish
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