Silver below the neckline – Analysis - 28/05/2015
Economies.com
2015-05-28 05:03AM UTC
Silver price settles below 16.87, to keep the negative effect of the double top pattern active until now, which targets testing 16.05 level mainly.
The EMA50 supports the suggested decline, reminding you with the importance of monitoring the price behavior when reaching the targeted level, as breaking it will extend silver price losses to reach 15.00 followed by 14.40 levels, while holding above it is required to return to the bullish correctional trend again.
Expected trading range for today is between 16.05 support and 17.10 resistance.
Expected trend for today: Bearish
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