Silver : Technical View : 25.11.2019
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On the daily chart, the price faced pressure
and fell by 0.58% during the last trading session.
Also, the price has taken resistance of the 20*50 EMA and is currently trading below them, which confirms the downtrend.
Furthermore, the Heikin Ashi has turned into a fresh red candle which is bearish for the counter.
RSI(14) has sustained below the 50 level which suggests falling prices in the near term.
As per the above technical structure; we expect a bearish move in the counter.
Also, the price has taken resistance of the 20*50 EMA and is currently trading below them, which confirms the downtrend.
Furthermore, the Heikin Ashi has turned into a fresh red candle which is bearish for the counter.
RSI(14) has sustained below the 50 level which suggests falling prices in the near term.
As per the above technical structure; we expect a bearish move in the counter.