Commodities

Silver price keeps its negative stability – Analysis - 15-02-2019

2019-02-15 05:06:08 GMT (Economies.com)

Silver price settles below 15.62 level, and the EMA50 keeps forming the negative pressure against the price, which supports the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our waited target at 15.22.

 

We should note that breaching 15.62 – 15.75 levels will stop the expected decline and push the price to visit 16.00 level again before any new attempt to decline.

 

The expected trading range for today is between 15.40 support and 15.75 resistance.

 

The expected trend for today: Bearish

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