Silver price loses momentum – Analysis - 20-08-2018

Silver price returns to proide some bullish bias and approaches the main bearish channel’s resistance, accompanied by stochastic loss to the positive momentum on the four hours’ time frame, while the EMA50 keeps pressing negatively on the price.

Therefore, we will keep our overall bearish trend expectations, which targets 14.15 followed by 13.75 levels as next main stations, taking into consideration that holding below 14.95 represents the first condition to continue the suggested decline.

Expected trading range for today is between 14.50 support and 14.95 resistance.

Expected trend for today: Bearish