Silver price tests the resistance – Analysis - 06-08-2018

Silver price returns to test the key resistance 15.50 and keeps its stability below it until now, noticing that stochastic provides overbought signals, waiting to assist to push the price to decline again.

In general, we will continue to suggest the bearish trend in the upcoming period unless breaching the above mentioned resistance, noting that our waited targets begin by breaking 15.20 level to open the way to head towards 14.77 as a next main station.

Expected trading range for today is between 15.20 support and 15.60 resistance.

Expected trend for today: Bearish