Silver price approaches the resistance – Analysis - 24-10-2018

Silver price keeps rising to approach the key resistance 14.85, accompanied by stochastic entering the overbought areas, waiting to motivate the price to rebound bearishly to resume the recently suggested bearish trend, which targets 13.93 mainly.

We remind you that breaching 14.85 will turn the intraday and short term track to rise, as this level represents the neckline of the inverted head and shoulders’ pattern that its signs appear on the chart.

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

Expected trend for today: Bearish