Silver price tests the support – Analysis - 18-03-2019

Silver price found solid resistance barrier at 15.40 that forced it to decline and test the key support 15.22, to record a descending top that urges caution from the upcoming trades, as continuing the negative pressure and breaking the mentioned support will push the price for more decline and visit areas that reach 14.73.

Therefore, we prefer staying aside until we get clearer signal for the next trend, which we will get through breaking 15.22 support or breaching 15.40 resistance, noting that breaching this resistance will motivate the price to resume the bullish bias that targets 15.62 level mainly.

The expected trading range for today is between 15.10 support and 15.40 resistance.

The expected trend for today: Neutral