Silver price settles below the broken support – Analysis - 12-11-2019
Economies.com
2019-11-12 05:44AM UTC
Silver price keeps its stability below 16.96 level, to keep the negative pressure valid for today, supported by stochastic loss to the positive momentum and reaching the overbought areas, besides the negative pressure formed by the EMA50.
Therefore, we are waiting for negative trades today, and the next target reaches 16.33, reminding you that breaching 16.96 will lead the price to achieve intraday gains and test 17.60 level before any new negative attempt.
The expected trading range for today is between 16.50 support and 17.00 resistance.
The expected trend for today: Bearish
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