Silver price under the negative pressure – Analysis - 27-06-2019

Silver price fluctuates above 15.23 level, but it faces negative pressure to continue fluctuating at this level and attempts to break it, which encourages us to continue suggesting the bearish bias in the upcoming sessions, especially that stochastic shows negative overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the bearish wave that targets 15.00 followed by 14.73 levels as next main stations.

Therefore, the bearish trend will be expected for today unless breaching 15.35 level and holding above it.

The expected trading range for today is between 14.95 support and 15.35 resistance.

The expected trend for today: Bearish