Silver price keeps its negative stability – Analysis - 27-07-2018

Silver price managed to end yesterday’s trading below the bearish channel’s resistance, to keep the bearish trend scenario dominant on the intraday and short term basis, noticing that stochastic begins to provide negative overlapping signal now, to motivate the price to provide more negative trades in the upcoming sessions.

Therefore, we will be waiting for the bearish bias today conditioned by the price stability below 15.50 level, reminding you that our next main target is located at 14.77.

Expected trading range for today is between 15.10 support and 15.60 resistance.

Expected trend for today: Bearish