Silver attempts to breach – Analysis - 13-12-2018

Economies.com
2018-12-13 05:04AM UTC

Silver price attempted to breach 14.73 resistance yesterday, noticing that the price closed the daily candlestick exactly at this level, which urges caution from the upcoming trading, as getting a positive close above it will push the price to achieve more gains and visit 15.22 level mainly.

 

Now, we prefer staying aside until confirming the price behavior according to the mentioned resistance, noting that settling below it will reactivate the bearish trend scenario that targets 13.93 level initially.

 

Expected trading range for today is between 14.40 support and 14.90 resistance.

 

Expected trend for today: Neutral

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