Silver price loses momentum - Analysis - 07-07-2022
Economies.com
2022-07-07 04:08AM UTC
Silver price shows more bullish bias to head towards potential test to the key resistance 19.60, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 18.60 as a next main station.
Therefore, the bearish trend scenario will remain active as long as 19.60 level remains intact, noting that breaching 19.60 will push the price to achieve additional gains that reach 20.05 areas initially before any new negative attempt.
The expected trading range for today is between 18.90 support and 19.65 resistance.
The expected trend for today: Bearish
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