Silver price confirms the break – Analysis - 05-09-2018

Silver price confirmed breaking 14.32 level after closing the daily candlestick below it, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, as the price is organized inside the bearish channel that appears on the chart, noting that the EMA50 protects trading inside this channel.

Therefore, the way is open to achieve the next target at 13.65, noting that holding below 14.65 represents key condition to continue the expected decline.

Expected trading range for today is between 13.80 support and 14.32 resistance.

Expected trend for today: Bearish