Silver price needs a negative motive – Analysis - 07-08-2018
Economies.com
2018-08-07 04:19AM UTC
Silver price provided negative trades yesterday, approached the return to the bearish channel, but it shows some bullish bias now affected by stochastic positivity.
The EMA50 keeps pressing negatively on the price, to keep the chances valid to continue the bearish trend scenario in the upcoming period, which targets 15.20 followed by 14.77 levels as next main stations, reminding you that the continuation of the expected declince depends on the price stability below 15.50.
Expected trading range for today is between 15.10 support and 15.50 resistance.
Expected trend for today: Bearish
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