Silver price under the negative pressure – Analysis - 08-01-2019

2019-01-08 05:00:22 GMT (Economies.com)
Silver price under the negative pressure – Analysis - 08-01-2019
 

Silver price provided clear negative trades by today’s opening to break 15.62 level, noticing from the minor image that the price completed forming a double top pattern, which puts the price under negative pressure that we expect to push the price to visit 15.22 areas in the upcoming period.

 

Therefore, we suggest witnessing more decline today, noting that breaching 15.62 will push the price back to resume the correctional bullish track.

 

Expected trading range for today is between 15.22 support and 15.70 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1297
0.0000
0.0035%
1.3192
-0.0027
0.2069%
15.441
0.007
0.045%
58.379
-0.490
0.833%
67.03
-0.83
1.22%
1314.930
1.695
0.129%
 
 
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