Silver finds solid resistance – Analysis - 17/09/2014

Economies.com
2014-09-17 05:06AM UTC

Silver price made a test to the key resistance 18.85, as it formed strong ceiling against the price positive attempts, and as long as the price is below this level, the bearish trend will remain  valid and suggested on the intraday basis, and the next target is testing 18.19 level.

 

Breaching 18.85 will lead the price to turn its intraday track upwards to visit 19.55 then 20.15 initially.

 

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

 

Expected trend for today: Bearish

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