Silver price rebounds from the resistance – Analysis - 18-04-2019
Economies.com
2019-04-18 03:45AM UTC
Silver price resumes its negative trades after testing the bearish channel’s resistance that appears on the chart, to keep the bearish trend valid in the upcoming period, supported by the negative pressure formed by the EMA50, waiting to test 14.73 level mainly.
Note that surpassing the targeted level will extend the bearish wave to reach 14.50 as a next station, while breaching 15.22 will stop the suggested decline and lead the price to achieve gains that start at 15.60.
The expected trading range for today is between 14.73 support and 15.05 resistance.
The expected trend for today: Bearish
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