Midday update for Silver 06-08-2018
Economies.com
2018-08-06 09:54AM UTC
Silver price trades negatively now on its way to return to the bearish channel that appears on the chart, which reinforces the expectations of continuing the bearish trend in the upcoming sessions, supported by stochastic and the EMA50 negativity, waiting to target 15.20 followed by 14.77 levels initially, while holding below 15.50 represents key condition to continue the expected bearish wave.
Expected trading range for today is between 15.20 support and 15.60 resistance.
Expected trend for today: Bearish
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