FX.co ★ Daily analysis of for Silver May 09, 2014

Overview

According to our yesterday's expections, the price close below the Support level of 19.20 will give new opportunities for sell signals. Currently, the metal has already managed to close below the Support level to trade below while it is approaching the next support level. Then, the metal must test the Support level of 18.90 to get more bearish move till reaching 18.70 as the second target. On the other hand, the metal's rebound from the Support level of 18.90 cancels the bearish scenario.