The silver price returns to move near the EMA50. Stochastic gains positive momentum in the intraday time frames, reinforcing the expectations for resuming the bullish trend on an intraday basis, targeting a test of the 14.85 level. Therefore, we will keep our positive expectations in the upcoming sessions, reminding you that breaching the targeted level will extend silver gains to reach 15.40 mainly, while breaking of the 13.96 mark represents the key of resuming the main bearish trend. Its next targets are located at 13.50 then 13.00. Remember to monitor the price behavior regarding the 14.85 and 13.96 levels closely as it may provide hints for detecting the next trend on a short-term basis. Expect the bullish trend today.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
The silver price returns to move near the EMA50. Stochastic gains positive momentum in the intraday time frames, reinforcing the expectations for resuming the bullish trend on an intraday basis, targeting a test of the 14.85 level. Therefore, we will keep our positive expectations in the upcoming sessions, reminding you that breaching the targeted level will extend silver gains to reach 15.40 mainly, while breaking of the 13.96 mark represents the key of resuming the main bearish trend. Its next targets are located at 13.50 then 13.00. Remember to monitor the price behavior regarding the 14.85 and 13.96 levels closely as it may provide hints for detecting the next trend on a short-term basis. Expect the bullish trend today.
The material has been provided by InstaForex Company – www.instaforex.com
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