Midday update for Silver 12-02-2019

Economies.com
2019-02-12 10:37AM UTC

Silver price shows some slight bullish bias moves now affected by stochastic positivity, which loses its positive momentum approaching from the overbought levels, waiting for motivating the price to bounce lower to resume the decline that its targets begin by breaking 15.62 level to open the way towards15.22.

 

Reminding you that holding below 16.00 represents an important condition for the continuation of the expected bearish trend.

 

The expected trading range for today is between 15.40 support and 15.90 resistance. 

 

The expected trend for today: Bearish

 

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