Silver price hits the negative target - Analysis - 17-06-2021
Economies.com
2021-06-17 04:14AM UTC
Silver price succeeded to touch our waited target at 26.85 after the strong decline that it witnessed yesterday, and we expect the continuation of the bearish bias to break this level and head towards 26.25 as a next correctional station, supported by the negative pressure formed by the EMA50.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 27.55 and holding above it.
The expected trading range for today is between 26.50 support and 27.55 resistance.
The expected trend for today: Bearish
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