Midday update for Silver 31/10/ 2014
Economies.com
2014-10-31 10:56AM UTC
Silver price touched our first target at 16.00 and it attempts to break this level to open the way towards the extension of the bearish wave towards 15.60, and that supports the continuation of our negative expectations for today, which depend on the stability below 17.05 level.
Note that breaking 15.60 level will push silver price to a downside track, which its next targets reach to 14.00.
Expected trading range for today is between: 15.60 support and 17.05 resistance.
Expected trend for today: Bearish
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