Silver price under the negative pressure – Analysis - 24-09-2018

Silver price found difficulty to hold above 14.30 level, to trade negatively and settles below the EMA50 now, which hints the price head to return to the bearish track again, supported by stochastic negativity.

Therefore, the bearish bias will be expected in the upcoming sessions, noting that breaking 14.05 will confirm the continuation of the decline towards 13.30 areas on the near term basis, noting that breaching 14.30 will stop the expected decline and push the price to achieve gains that start at 14.73 mainly.

Expected trading range for today is between 13.90 support and 14.40 resistance.

Expected trend for today: Bearish