Silver price resumes the decline – Analysis - 08-10-2018

2018-10-08 05:37:42 GMT (Economies.com)
Silver price resumes the decline – Analysis - 08-10-2018
 

Silver price resumes its negative trading by today’s opening to approach the intraday bullish channel’s support line that appears on the chart, which rises now to 14.40, waiting to break this level to confirm extending the bearish wave towards 13.93 that represents our next main station.

 

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 14.73 level and holding above it.

 

Expected trading range for today is between 14.20 support and 14.65 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1583
0.0038
0.3252%
1.3154
0.0067
0.5089%
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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