Commodities

Silver price is stable – Analysis - 19-04-2019

2019-04-19 03:59:49 GMT (Economies.com)

Silver price settles near the bearish channel’s resistance line, and the EMA50 keeps pressing negatively on the price to protect trading inside this channel, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, which targets 14.73 level as a next station.

 

Holding below 15.22 is important to continue the expected decline, as breaching it will push the price to achieve intraday gains that begin at 15.60.

 

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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