Silver price tests the resistance – Analysis - 18-10-2019

Economies.com
2019-10-18 05:09AM UTC

Silver price tested the key resistance 17.60 and keeps its stability below it, accompanied by witnessing negative overlapping signal through stochastic, to form negative motive that we are waiting to assist to push the price to decline in the upcoming sessions, as our next target is located at 16.96.

 

Therefore, we will keep our bearish overview conditioned by the price stability below the mentioned resistance, noting that the EMA50 supports the suggested decline.

 

The expected trading range for today is between 17.20 support and 17.70 resistance.

 

The expected trend for today: Bearish

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