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Silver






2/15/2016 3:37:29 AM

Silver exposed to negative pressure - Technical Analysis - 15-02-2016



Silver gave up ground in the intraday levels and short-term trading, breaking through the support of the ascending price channel that limited its previous short-term movements as shown in the attached chart, coinciding with trespassing the SMA50 for the intraday levels, doubling the negative pressures on the metal's next trading, while noting a rise in the intraday levels in a way contradictory to the metal's upside movements, doubling the negative signs as well.

Therefore we expect more losses to come for the white metal, targeting the support of 14.90 as price target for exiting that price channel.


Target
Risk


Support
Resistance


Trend Bearish

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