Silver price tests the resistance again – Analysis - 07-05-2019
Economies.com
2019-05-07 02:16AM UTC
Silver price returns to test the bearish channel’s resistance, which represents the first protection factor to the continuation of the recently suggested negative scenario, as breaching it will push the price to test the most important resistance at 15.22 before any new attempt to decline.
In general, we will keep our overall bearish overview unless breaching 15.22 and holding with a daily close above it, noting that breaking 14.73 is required to push the price towards 14.50 as a next main station.
The expected trading range for today is between 14.60 support and 15.00 resistance.
The expected trend for today: Bearish
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