Silver price loses momentum – Analysis - 06-09-2018

Silver price shows some slight bullish bias to approach testing 14.32, accompanied by stochastic loss to the positive momentum and approaching the overbought areas, which forms negative factor that we expect to assist to push the price to decline, to keep the bearish trend scenario valid until now, organized inside the bearish channel that appears on the chart.

Our main waited target is located at 13.60, noting that holding below 14.60 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