Daily analysis of Silver for December 25, 2015

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Overview

Silver price ended yesterday’s trading at 14.25 and it is showing some slight bullish bias now. When we notice that stochastic loses, it is a good momentum to reach the overbought areas. Therefore, we will continue to suggest the overall bearish trend with 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.

Expected trend for today: Bearish

Expected trading range for today is between 13.70 support and 14.50 resistance.

Performed by Hossam Soliman Ali, Analytical expert InstaForex Group © 2007-2015

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