Daily analysis of Silver for September 15, 2015 Market Analysis Review

Overview

Silver price fluctuates near the 14.40 level after the bearish rebound that began yesterday. The price is under negative pressure that comes from the EMA50, reinforcing the expectation of targeting 13.50 and then 12.80 levels in the upcoming sessions. Therefore, the bearish trend remains valid and active if the price settled below the bearish channel's resistance level at 15.00, where breaching this level will turn the short-term trend to the upside. Expected trading range for today is between the 14.00 support and 14.70 resistance.

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