Overview
Silver price ended yesterday's trading at 14.25 and it is showing some slight bullish bias now. When we notice that stochastic loses, it is a good momentum to reach the overbought areas. Therefore, we will continue to suggest the overall bearish trend with its next targets located at 13.50 followed by 13.00, reminding you that it is important to keep the daily close below 14.25 to continue the suggested decline.
Expected trend for today: Bearish
Expected trading range for today is between 13.70 support and 14.50 resistance.
The material has been provided by InstaForex Company - www.instaforex.com