Silver price tests the support – Analysis - 05-07-2019

Economies.com
2019-07-05 04:38AM UTC

Silver price tested the bullish channel’s support line and keeps its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50, waiting to target 15.62 level mainly, noting that breaking 15.20 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 15.15 support and 15.50 resistance.

 

The expected trend for today: Bullish

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