Silver price resumes the decline – Analysis - 29-08-2018

Economies.com
2018-08-29 05:18AM UTC

Silver price bounced bearishly after testing 15.00 level yesterday, which supports the continuation of our bearish trend expectations that depend on the price stability below the mentioned level, noting that moving below the EMA50 supports the suggested decline, which its targets begin by breaking 14.45 to open the way to head towards 13.90 as a next station.

 

Expected trading range for today is between 14.45 support and 15.00 resistance.

 

Expected trend for today: Bearish

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