Midday update for Silver 27/05/2015
Economies.com
2015-05-27 10:33AM UTC
Silver price keeps its stability below the broken neckline of the double top pattern located at 16.87, to keep the negative pressure valid for today, waiting to head towards testing 16.05 level mainly.
Stochastic positivity might cause some temporary sideways fluctuation before resuming the suggested bearish trend, which will remain valid and active unless breaching 17.10 level and holding above it.
Expected trading range for today is between 16.05 support and 17.50 resistance.
Expected trend for today: Bearish
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