Silver within tight range – Analysis - 27/10/2014
Economies.com
2014-10-27 05:15AM UTC
Silver price continues its sideways and tight trading and it remains below the EMA50 which push negatively on the intraday trading, and that makes us keep preferring the bearish bias in the upcoming period, which targets testing 17.00 then 16.65 levels initially.
Breaching 17.40 level will provide strong positive motive that supports the chances of achieving positive gains that its main targets begin at 18.19 then 18.60.
Expected trading range for today is between: 16.65 support and 17.65 resistance.
Expected trend for today: Bearish
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