Silver price resumes the decline – Analysis - 13-08-2018

Silver price continues to decline to start pressing on the sideways range’s support line that confines the recent trades, falling under continuous negative pressure that comes by the EMA50, which supports the expectations of continuing the bearish trend on the intraday and short term basis, noting that the expected targets begin at 14.95 and extend to reach 14.15.

Therefore, we will keep our bearish overview unless breaching 15.50 level and holding above it.

Expected trading range for today is between 15.00 support and 15.40 resistance.

Expected trend for today: Bearish