Silver affected by the positive momentum – Analysis - 16/09/2014

Silver price shows some slight bullish bias affected by stochastic positivity, as it heads to test the key resistance at 18.85, and as long as the price is below this level, the bearish trend scenario will remain valid on the intraday basis, and the target is testing 18.19 level.

Note that breaching 18.85 will push the price to recovery attempts that its targets begin at 19.60 and extend to20.35.

Expected trading range for today is between: 18.00 support and 18.95 resistance.

Expected trend for today: Bearish