Silver price resumes the decline – Analysis - 15-08-2018
Economies.com
2018-08-15 04:17AM UTC
Silver price returns to decline and approach the previously breached resistance of the bearish channel that appears on the chart, which turns into support line that declines now to 14.85, waiting to break this level to confirm the continuation of the bearish trend on the short term basis, reminding you that our next target is located at 14.15.
In general, we will continue to suggest the bearish trend supported by the EMA50, unless breaching 15.50 level and holding with a daily close above it.
Expected trading range for today is between 14.70 support and 15.10 resistance.
Expected trend for today: Bearish
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