Commodities

Silver price needs a positive motive – Analysis - 20-03-2019

2019-03-20 04:55:35 GMT (Economies.com)

Silver price fluctuates around the EMA50, and as long as the price is above 15.22, our bullish expectations will remain valid for the upcoming period, waiting to test 15.62 level mainly.

 

Note that breaching the targeted level will push the price towards 16.00 as a next positive station, while breaking 15.22 represents negative factor that will press on ther pice to decline again and head towards 14.73 initially.

 

The expected trading range for today is between 15.20 support and 15.60 resistance.

 

The expected trend for today: Bullish

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