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12/1/2014 1:35:21 AM

Silver - Technical Analysis: Monday, 01/12/2014 06:35 GMT



Continuous negative pressure on the descending channel’s support after touching the main target at 14.65, with pressure coming from the exponential moving average 50 and the bears’ power indicator.

Breaking 14.65 will push for more negativity to reach 13.00 areas, and a holding for a day above 14.65 will push for attempts to visit the descending channel’s resistance around 16.40.


Target
Risk


Support
Resistance


Trend Bearish

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