Overview

Silver prices managed to close yesterday's trading below the level of 14.70, creating a negative factor that supported the continuation of the overall bearish trend. It is waiting for an opportunity to resume the bearish bias with targets at 13.50 and 12.80 in the upcoming period. The EMA50 returns to apply negative pressure to intraday trade, reinforcing the suggested negative scenario. Silver prices show some bullish bias affected by stochastic positivity, as long as they move below 15.15, so the overall bearish trend will remain valid and active, pointing that the price needs to break the level of level to confirm opening the way towards targeting 13.50 and then 12.80 in the near term.