FX.co ★ Daily analysis of Silver for September 17, 2015

Overview

Silver price traded with clear positivity yesterday testing the bearish channel's resistance level at 14.95, accompanied by clear signals that come from stochastic in the four-hour time frame, which supports the chances of bouncing lower to resume the main bearish trend, waiting for visiting levels that begin at 14.30 and 13.05. The metal hovers around the bearish channel's resistance, and stochastic continues to provide negative signals in the four-hours time frame, keeping the bearish trend scenario efficiently for today, which targets 14.30 and 13.05 levels mainly.