Silver price attempts positively – Analysis - 21-12-2018

Silver price breached 14.73 level and settled above it, but we notice that the price faced solid resistance line that connects the recorded tops since last August, which forms negative pressure against the price, allowing us to suggest resuming the negative trades in the upcoming sessions, especially that stochastic provides clear negative signals now.

Therefore, the bearish bias will be expected for today, and the price needs to break 14.65 level to get strong negative motive that supports the expectations to head towards our next main target at 13.93, noting that breaching 14.80 will stop the expected decline and lead the price to head towards 15.22 as a next correctional station.

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

Expected trend for today: Bearish