FX.co ★ Daily analysis of Silver for December 30, 2015

Overview

Silver price continues to fluctuate near 13.96 level, and it is under negative pressure that comes from the EMA50 besides stochastic negative signal, which supports the continuation of the bearish trend in the upcoming period, which targets 13.50 and then 13.00 levels initially. In general, the negative scenario will remain valid and active unless we see a clear breach and stability with a daily close above 14.25 level. Expected trading range for today is between 13.70 support and 14.25 resistance.