Silver price breaks the support – Analysis - 09-10-2018

2018-10-09 04:23:23 GMT (Economies.com)
Silver price breaks the support – Analysis - 09-10-2018
 

Silver price managed to break the intraday bullish channel’s support line and settled with a daily close below it, reinforcing the expectations of continuing the decline on the intraday and short term basis, opening the way to head towards the recently recorded low at 13.96 as a next main station.

 

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 14.73 level and holding above it.

 

Expected trading range for today is between 14.15 support and 14.55 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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