Technical analysis of Silver for December 14, 2015
December 14, 2015 2:00 pm
Technical outlook and chart setups:
Silver is trading around the level of $13.67 at the moment dropping below $13.76. Fresh lows have been reached today, but bullish divergence remains on the daily chart view (not shown here). The metal is expected to produce a counter-trend bounce any time soon, but it is recommended to remain flat at the moment. Immediate support is seen at $13.00 followed by $12.00 and lower, while resistance is seen at $14.60 and higher. Bears shall continue to remain in control until prices remain under the level of $14.60.
Trading recommendations:
Remain flat now.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Technical outlook and chart setups:
Silver is trading around the level of $13.67 at the moment dropping below $13.76. Fresh lows have been reached today, but bullish divergence remains on the daily chart view (not shown here). The metal is expected to produce a counter-trend bounce any time soon, but it is recommended to remain flat at the moment. Immediate support is seen at $13.00 followed by $12.00 and lower, while resistance is seen at $14.60 and higher. Bears shall continue to remain in control until prices remain under the level of $14.60.
Trading recommendations:
Remain flat now.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
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