Overview
The silver price broke the 14.25 level and it has settled above it, opening the way towards visiting the critical resistance at 14.85 in the upcoming sessions. The price tries to regain the correctional bullish trend, the lines of which you see on the chart. Therefore, we prefer more upside moves in the upcoming sessions, pointing that holding below 14.85 will keep the overall bearish trend valid. It will make the price bounce lower and resume the negative trading that extend to 13.50 then 13.00 levels on the near-term basis. Breaching the 14.85 level will extend silver gains to reach 15.40 directly.The material has been provided by InstaForex Company - www.instaforex.com