Commodities

Silver price gathers the positive momentum – Analysis - 19-02-2019

2019-02-19 05:03:16 GMT (Economies.com)

Silver price settles around the bullish trend line that appears on the chart, noticing that stochastic gains the positive momentum clearly and approaches the oversold areas, waiting to motivate the price to resume the expected correctional bullish wave for the upcoming period, which targets 16.00 level mainly.

 

Therefore, we suggest the continuation of the bullish trend domination for today conditioned by the price stability above 15.62.

 

The expected trading range for today is between 15.60 support and 16.00 resistance.

 

The expected trend for today: Bullish

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