Commodities

Silver price below the moving average – Analysis - 23-04-2019

2019-04-23 04:12:41 GMT (Economies.com)

Silver price tests the bearish channel’s resistance and keeps its stability below it, which keeps the bearish trend scenario active in the upcoming sessions, supported by the EMA50, waiting to visit 14.73 level mainly.

 

Holding below 15.22 represents key condition to continue the expected decline, while breaking 14.73 will extend the bearish wave to reach 14.50 followed by 13.93 areas on the short term basis.

 

The expected trading range for today is between 14.73 support and 15.15 resistance.

 

The expected trend for today: Bearish

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