Silver price tests the resistance – Analysis - 30-07-2018

Economies.com
2018-07-30 03:52AM UTC

Silver price tests the key resistance 15.50 and keeps its stability below it, accompanied by witnessing clear negative signals through stochastic, which supports the expectations of continuing the bearish trend in the upcoming period, which its next main target located at 14.77.

 

Therefore, the bearish bias will remain dominant unless breaching 15.50 level and holding with a daily close above it.

 

Expected trading range for today is between 15.10 support and 15.60 resistance.

 

Expected trend for today: Bearish

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