25.08.201515:35 Forex Analysis & Reviews: Daily analysis of SILVER for August 25, 2015

Long-term review

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Overview

According to the attached H4 chart, Silver price continued its negative trading yesterday to test the key support 14.70, as the price is falling under the negative pressure that comes by the EMA50, while stochastic attempts to protect the price from suffering more losses by offering positive signals in the four-hour time frame. Therefore, the contradiction between the current technical factors makes us stay aside temporarily in order to monitor the price behavior according to the key levels represented by the 14.70 support and 15.60 resistance as breaking this support will push the price to suffer more losses. Its targets begin at 14.40 and extend to 12.80, while breaching the resistance will motivate the price to achieve positive targets that reach 16.85 on the near-term basis.

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