Silver price under the negative pressure – Analysis - 28-09-2018

Silver price traded with clear negativity yesterday to settle below 14.30 level, noticing that the price moves within minor bullish channel that we believe it forms a bearish flag pattern, which means that breaking 14.20 will form strong negative motive that has the ability to push the price towards 13.93 direct.

Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 14.60 level and holding above it, noting that breaking 13.93 will push the price to target 13.00 areas on the near term basis.

Expected trading range for today is between 14.00 support and 14.50 resistance.

Expected trend for today: Bearish