Silver price within tight track – Analysis - 26-11-2020
Economies.com
2020-11-26 04:51AM UTC
Silver price did not show any strong move recently, to remain stable below 23.60, which keeps the negative pressure valid for the upcoming period, supported by the negative pressure formed by the EMA50, besides stochastic loss to the positive momentum gradually, waiting to visit 22.17 level mainly.
Note that breaching 23.60 followed by 23.95 levels will stop the expected decline and leads the price to return to the bullish track again.
The expected trading range for today is between 22.30 support and 24.00 resistance.
The expected trend for today: Bearish
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