Silver price confirms the break - Analysis - 18-08-2022
Economies.com
2022-08-18 04:13AM UTC
Silver price continued its negative pressure to break 20.00 level and settles below it, which pushes the price to turn to decline and head to visit 19.55 followed by 19.00 levels as next negative stations.
Therefore, the bearish bias will be suggested for today supported by the negative pressure formed by the EMA50, noting that breaching 20.00 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 19.10 support and 20.00 resistance.
The expected trend for today: Bearish
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