Silver price under the negative pressure – Analysis - 18-01-2021
Economies.com
2021-01-18 04:58AM UTC
Silver price traded with clear negativity to move away from 25.50, which activates the correctional bearish trend scenario again, on its way to visit 22.87 as a next negative target, supported by the EMA50 that forms negative pressure against the price.
Therefore, the bearish bias will be expected for today unless the price rallied to breach 25.50 and hold with a daily close above it.
The expected trading range for today is between 24.00 support and 25.30 resistance.
The expected trend for today: Bearish
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