Silver price returns to decline – Analysis - 04-10-2018

2018-10-04 03:59:37 GMT (Economies.com)
Silver price returns to decline – Analysis - 04-10-2018
 

Silver price continued its negative trading yesterday to break 14.73 level and settles below it again, which reactivates the bearish trend scenario and stops the correctional bullish bias mentioned yesterday, pushing the price to achieve negative targets that start at 14.30 followed by 13.93.

 

Therefore, the bearish bias will be suggested for today unless breaching 14.73 level and holding with a daily close above it.

 

Expected trading range for today is between 14.30 support and 14.73 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1584
0.0039
0.3369%
1.3158
0.0071
0.5448%
14.709
0.112
0.764%
71.645
0.162
0.226%
80.78
0.35
0.44%
1227.355
9.695
0.796%
 
 
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