Silver price achieves intraday gains – Analysis - 01-10-2018

Silver price provided clear positive trading on last Friday to test the most important resistance to the short term trades at 14.73, and bounced bearishly to move below the intraday bullish channel’s resistance now, accompanied by witnessing clear negative signals through stochastic.

Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, waiting to target 14.25 followed by 13.93 levels as next main stations, noting that breaching 14.73 will push the price to start bullish correction that its next target located at 15.22.

Expected trading range for today is between 14.25 support and 14.73 resistance.

Expected trend for today: Bearish