Midday update for Silver 16-08-2018
Economies.com
2018-08-16 09:29AM UTC
Silver price shows clear positive trades to approach testing the bearish channel’s resistance that appears on the chart, and as long as the price is below 14.80, our bearish overview will remain active for today, supported by the negative pressure formed by the EMA50, waiting to rebound bearishly to target 14.15 followed by 13.75 as next main stations.
Expected trading range for today is between 14.15 support and 14.65 resistance.
Expected trend for today: Bearish
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