24.12.201513:28 Forex Analysis & Reviews: Daily analysis of Silver for December 24, 2015

Long-term review

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Overview

Yesterday, silver closed at 14.25, showing some slight bullish bias now, while we notice that stochastic loses its positive momentum gradually to reach the overbought areas. Therefore, we will continue to suggest the overall bearish trend that its next targets located at 13.50 followed by 13.00, reminding you that it is important to keep the daily close below 14.25 to continue the suggested decline. Today, silver is expected to trade in a range between support at 13.70 and resistance at 14.50.

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