Silver is stable – Analysis - 24/04/2015
Economies.com
2015-04-24 04:50AM UTC
Silver price keeps its stability below 16.05 level, which represents the condition of continuing the expected bearish trend on the intraday basis, as our next main targets are located at 15.00 then 14.40.
Therefore, we will continue to suggest the bearish bias in the upcoming period supported by the EMA50 and stochastic negative signal, noting that breaking 15.65 level will offer strong negative motive that supports achieving the suggested targets.
Expected trading range for today is between 15.00 support and 16.50 resistance.
Expected trend for today: Bearish
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