Silver continues to fall – Analysis - 03/11/2014
Economies.com
2014-11-03 06:11AM UTC
Silver price begins today’s trading with clear bearish bias attacking 16.00 level, which reinforces the chances of continuing the bearish trend on the intraday and short term basis, as our next target is located at 15.60, which breaking it represents the key to extend the bearish wave towards 14.65 areas.
Stochastic approaches from offering a negative signal that supports the suggested decline, noting that breaching 16.10 followed by 16.35 levels will stop the bearish wave temporarily and lead the price for some rise that its initial targets reach to 16.90 then 17.20.
Expected trading range for today is between: 15.00 support and 16.35 resistance.
Expected trend for today: Bearish
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