Commodities

Silver price completes a positive pattern – Analysis - 21-03-2019

2019-03-21 05:25:27 GMT (Economies.com)

Silver price rallied upwards well yesterday to approach our waited target at 15.62, and by taking a deeper look at the chart, we find that the price completed forming a double bottom pattern, which forms positive motive that we expect to assist to push the price to breach the mentioned level and extend the bullish wave towards 16.00 as a next main station.

 

Therefore, we are waiting for more rise in the upcoming sessions conditioned by the price stability above 15.22.

 

The expected trading range for today is between 15.40 support and 15.80 resistance.

 

The expected trend for today: Bullish

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