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Silver price within a negative pattern - Analysis - 19-03-2021
Silver price’s recent trades are confined within rising wedge that its signs appear on the chart, attempting to break it support line now, which support the chances of continuing the expected negative scenario for the upcoming period, which targets 25.50 followed by 24.55 levels as next main stations.
The EMA50 supports the expected bearish trend, which will remain valid unless the price rallied to breach 26.70 and hold above it.
The expected trading range for today is between 25.30 support and 26.50 resistance.
The expected trend for today: Bearish
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Gold price needs a confirmation signal – Analysis - 19-03-2021
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