Silver approaches the resistance – Analysis - 10-12-2018
Economies.com
2018-12-10 05:36AM UTC
Silver price continues to rise calmly to approach the key resistance 14.73, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to rebound bearishly to resume the expected bearish trend on the intraday and short term basis, which targets testing 13.93 level mainly.
We should note that breaching 14.73 will stop the negative scenario and leads the price to achieve gains that reach 15.22 initially.
Expected trading range for today is between 14.30 support and 14.73 resistance.
Expected trend for today: Bearish
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