According to the attached H4 chart, silver keeps its stability moving below the level of 14.70, which keeps the negative pressure valid in the upcoming period, supported by the EMA50. That could resume the bearish trend with targets at 13.50 and 12.80 in the near term. Stochastic positivity explains the reasons for the current fluctuation, being aware that a breake of the level of 14.70 will push the price towards its intraday gains. It might visit the level of 15.25 before making any new attempt to decline.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
According to the attached H4 chart, silver keeps its stability moving below the level of 14.70, which keeps the negative pressure valid in the upcoming period, supported by the EMA50. That could resume the bearish trend with targets at 13.50 and 12.80 in the near term. Stochastic positivity explains the reasons for the current fluctuation, being aware that a breake of the level of 14.70 will push the price towards its intraday gains. It might visit the level of 15.25 before making any new attempt to decline.
The material has been provided by InstaForex Company – www.instaforex.com
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