Silver price achieves strong gains – Analysis - 27-12-2018

Silver price rallied upwards strongly yesterday to breach 14.80 and reaches the positive target direct at 15.22, as this level met the bullish channel’s resistance that appears on the chart, accompanied by witnessing clear negative signals through stochastic that allow us to suggest the price bearish rebound to test 14.73 areas in the upcoming period.

Therefore, the bearish bias will be suggested for today unless breaching 15.22 level and holding above it, as this breach will lead the price to extend its gains and reach 15.62 as a next correctional station.

Expected trading range for today is between 14.70 support and 15.20 resistance.

Expected trend for today: Bearish