Daily analysis of Silver for December 13, 2017

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Overview

Silver price keeps crawling downward to approach our main target at 15.49. As long as the price is below 16.56, our bearish overview will remain vaild.

Let me remind you that breaking 15.49 will enable the price to suffer more losses. The price is likely to reach 13.75 as the next target level. The expected decline will remain valid unless the price manages to breach 16.56 level and hold above it. The expected trading range for today is between 15.55 support and 15.85 resistance.

The material has been provided by InstaForex Company - www.instaforex.com