Silver price rebounds bearishly – Analysis - 17-10-2018

Economies.com
2018-10-17 04:44AM UTC

Silver price bounced downwards after testing the key resistance 14.85 yesterday, to keep the bearish trend scenario valid until now, waiting to break 14.55 level to ease the mission of heading towards our next negative target at 13.93.

 

We remindin you that breaching the above mentioned resistance will complete forming bullish pattern that will turn the intraday and short term track to rise.

 

Expected trading range for today is between 14.30 support and 14.75 resistance.

 

Expected trend for today: Bearish

 

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