Silver is stable – Analysis - 11-12-2017

The tight range dominates Silver price trades after the decline that it witnessed in the previous sessions, and we still waiting to test 15.49 level that represents our current main target, noting that stochastic positivity interprets the reasons of the recent slight bullish bias.

In generl, we still suggest witnessing more negative trading in the upcoming period as long as 16.56 level remains intact, as breaching this level will stop the current negative pressure and push the price back to its main bullish track, while breaking 15.49 represents the key to extend Silver price losses to reach 13.75.

Expected trading range for today is between 15.60 support and 15.95 resistance.

Expected trend for today: Bearish