Silver price breaks the support – Analysis - 05-10-2018

2018-10-05 04:27:45 GMT (Economies.com)
Silver price breaks the support – Analysis - 05-10-2018
 

Silver price managed to break the intraday bullish trend line and settled below it, which supports the continuation of our bearish overview in the upcoming sessions, waiting to target 14.35 followed by 13.93 levels as next main stations.

 

Surpassing the EMA50 will ease the mission of achieving the mentioned targets, while holding below 14.73 represents key condition to continue the expected decline.

 

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

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1581
0.0035
0.3075%
1.3152
0.0065
0.4963%
14.693
0.096
0.658%
71.722
0.239
0.334%
80.85
0.42
0.52%
1226.940
9.280
0.762%
 
 
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