Silver keeps declining – Analysis - 12-11-2018

Economies.com
2018-11-12 05:03AM UTC

Silver price provided clear negative trading in the previous sessions to approach our main waited target at 13.93, falling under negative pressure that comes by the EMA50, to keep the bearish trend scenario active in the upcoming sessions, noting that breaking the mentioned level will push the price to head towards 13.62 as a next main station.

 

Holding below 14.73 is important to achieve the suggested targets, as breaching it will lead the price to achieve gains that start at 15.22.

 

Expected trading range for today is between 13.90 support and 14.30 resistance.

 

Expected trend for today: Bearish

Commodities News

Gold News

Commodities

How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Oil Analysis

Commodities

Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Silver Analysis

Commodities

Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...