Daily analysis of Silver for December 14, 2015
December 14, 2015 2:30 pmVideo
Latest News
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
- Overview of the EUR/USD pair. April 16th. In plain text: The ECB will cut rates in June April 16, 2024
Overview
Silver price ended last week trading below the level of 13.96, which puts the price under the negative pressure in the upcoming period, opening the way towards 13.50 and then to 13.00 as next major targets. The EMA50 negatively influences the price, while stochastic gradually loses its bullish momentum to support the suggested bearish bias. Be aware that breaching 13.96 and then 14.15 will hinder the current decline making the price to recover attempts on an intraday basis. Silver price has been trading negatively since morning in an attempt to move away from the level of 13.96, which supports the continuation of our bearish trend expectations efficiently for the rest of the day. With supported from the EMA50 waiting for visiting 13.50 and then 13.00 should remind you that holding below 13.96 and 14.15 is important for the continuation of the suggested decline.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: