Silver price under the negative pressure – Analysis - 22-02-2019
Economies.com
2019-02-22 05:14AM UTC
Silver price tests the bullish trend line that appears on the chart, moving below the EMA50 to fall under expected negative pressure in the upcoming period, waiting to visit 15.62 mainly.
Therefore, the bearish trend will remain suggested on the intraday basis unless the price rallied to breach 16.00 level and settles above it again, noting that surpassing the targeted level will extend silver price losses to reach 15.22 as a next main station.
The expected trading range for today is between 15.60 support and 16.00 resistance.
The expected trend for today: Bearish
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