Silver within tight track – Analysis - 11-12-2018

Economies.com
2018-12-11 05:25AM UTC

Silver price fluctuates around 14.50 level since yesterday, and it might head to test 14.73 level in the upcoming sessions before turning back to resume the bearish trend again, which depends on the price stability below this level, noting that our next negative target is located at 13.93.

 

We remind you that breaching 14.73 will stop the suggested negative scenario and leads the price to extend the correctional bullish wave towards 15.22 as a next main station.

 

Expected trading range for today is between 14.30 support and 14.73 resistance.

 

Expected trend for today: Bearish

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