For Traders

Analytical Reviews

Technical analysis

28.08.201515:45 Forex Analysis & Reviews: Daily analysis of SILVER for August 28, 2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Overview

Silver price continues to rise gradually approaching the previously broken support level of 14.70 that turned into resistance now. It was met by the EMA50 to add more strength accompanied by stochastic in the overbought areas. Therefore, these factors encourage us to keep our bearish overview for the upcoming period, waiting a visit to 13.50 followed by 12.80. Note that the continuation of the bearish trend depends on holding below 14.70 and the most important 15.50.

Back to the list

Open trading account

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.