empty
 
 
10.12.2015 05:14 PM
Daily analysis of Silver for December 10, 2015

This image is no longer relevant

Overview

The silver price returns to move near the EMA50. Stochastic gains positive momentum in the intraday time frames, reinforcing the expectations for resuming the bullish trend on an intraday basis, targeting a test of the 14.85 level. Therefore, we will keep our positive expectations in the upcoming sessions, reminding you that breaching the targeted level will extend silver gains to reach 15.40 mainly, while breaking of the 13.96 mark represents the key of resuming the main bearish trend. Its next targets are located at 13.50 then 13.00. Remember to monitor the price behavior regarding the 14.85 and 13.96 levels closely as it may provide hints for detecting the next trend on a short-term basis. Expect the bullish trend today.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback