Overview
Silver price shows a slight bearish bias now in an attempt to resume the bearish trend, showing that stochastic approaches from confirming negative overlapping signal in the four-hour time frame, which supports the continuation of our bearish trend expectations efficiently for the rest of the day, targeting 13.50 and 12.80 levels initially. To achieve them require, silver needs to hold below 15.00.
Therefore, we keep preferring the bearish trend on the intraday and short-term basis, depending on the continuation of the trading within the bearish channel, reminding you that our initial targets are located at 13.50 and 12.80.
The material has been provided by InstaForex Company - www.instaforex.com