Silver price under the negative pressure – Analysis - 08-11-2019
Economies.com
2019-11-08 05:38AM UTC
Silver price faced strong negative pressure yesterday to break 17.60 level and touch 16.96 level direct, which turns the intraday track to decline, on its way to achieve more expected decline in the upcoming sessions, noting that breaking the last level will push the price to 16.33 as a next station.
Therefore, the bearish trend will be suggested for today, taking into consideration that failing to break 16.96 will push the price to test 17.60 level before any new attempt to decline.
The expected trading range for today is between 16.60 support and 17.20 resistance.
The expected trend for today: Bearish
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