Silver price tests the resistance – Analysis - 31-05-2019
Economies.com
2019-05-31 01:13AM UTC
Silver price traded positively to test the bearish channel’s resistance that appears on the chart, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to resume the expected bearish for the upcoming period, which its next main target located at 13.93.
We should note that breaching 14.73 will stop the suggested negative scenario and lead the price to achieve additional gains that reach 15.22.
The expected trading range for today is between 14.20 support and 14.65 resistance.
The expected trend for today: Bearish
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