According to the attached H4 chart, Silver price continues to move within a tight track around 15.00 level, while the stochastic loses its bullish momentum gradually to supported the chances of resuming the bearish trend as the bearish trend scenario is still valid as long as the price is below 15.40, supported by the EMA50. We remind you that breaking the 14.85 level will open the way to extend the bearish wave to reach 13.96 areas as a next main station.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.