19.11.201516:42 Forex Analysis & Reviews: Daily analysis of Silver for November 19, 2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Overview

The silver price approached our first target at 13.96 yesterday, showing some slight bullish bias to hover around 14.20. So the EMA50 continues forming a resistance barrier against the price attempts. It keeps the negative scenario valid for the upcoming period, waiting to break the 13.96 level to confirm extending the bearish wave towards 13.50 followed by 13.00. The tight range controls silver trading since morning. Stochastic provides a negative signal that we should wait for the price motivation to resume the bearish trend, which encourages us to keep preferring the bearish bias in the upcoming period. Its targets will begin after breaking the 13.96 level to open the way towards 13.50. Holding below the 14.85 level represents the main condition for the downside continuation.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.