FX.co ★ Daily analysis of Silver for May 09, 2017

Overview

The silver price made negative attempts this morning after retesting the previously broken support for the bearish pennant flag pattern. This supports the continuation of our bearish trend expectations for targeting 15.49 as the next main station efficiently in the upcoming sessions. You should be aware that after suffering the expected negative pressure the price could attempt to regain the main bullish trend. The expected trading range for today is between the 15.90 support and the 16.40 resistance.