The silver price shows some slight bullish bias approaching the EMA50, while stochastic continues losing its positive momentum gradually approaching the overbought areas. It supports the chances of bouncing bearishly to resume the main bearish trend. Therefore, our bearish overview will remain valid for the rest of the day conditioned by holding below the 14.85 level, reminding you that our next targets begin at 13.50 followed by 13.00. The silver price made a new test of the 13.96 level without breaking it. it means stochastic loses its positive momentum gradually, while the EMA50 keeps pushing negatively on intraday and short-term trading.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
The silver price shows some slight bullish bias approaching the EMA50, while stochastic continues losing its positive momentum gradually approaching the overbought areas. It supports the chances of bouncing bearishly to resume the main bearish trend. Therefore, our bearish overview will remain valid for the rest of the day conditioned by holding below the 14.85 level, reminding you that our next targets begin at 13.50 followed by 13.00. The silver price made a new test of the 13.96 level without breaking it. it means stochastic loses its positive momentum gradually, while the EMA50 keeps pushing negatively on intraday and short-term trading.
The material has been provided by InstaForex Company – www.instaforex.com
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