Silver heads to retest – Analysis - 27/04/2015
Economies.com
2015-04-27 05:03AM UTC
Silver price shows very slight bullish bias to crawl gradually towards retesting 16.05 level, and as long as the price is below this level, we will continue to suggest the bearish trend in the upcoming period, waiting to test 15.00 followed by 14.40 levels on the near term basis.
Stochastic positivity interprets the current rise, and it is important to note that breaching 16.05 level will push the price to target 17.95 followed by 18.80 levels mainly.
Expected trading range for today is between 15.00 support and 16.50 resistance.
Expected trend for today: Bearish
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