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07.01.201617:56 Forex Analysis & Reviews: Daily analysis of Silver for January 07, 2016

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.

Exchange Rates 07.01.2016 analysis

Overview

The silver price has been trading sideways since yesterday. As long as the price is below the 14.25 level, we will still suggest the bearish trend on an intraday and short-term bases. its main targets begin at 13.50 followed by 13.00. Note that breaching the 14.25 level will make the price begin a bullish correctional wave, the targets of which start at 14.65 followed by 15.30. The silver price shows bearish bias in an attempt to trade below 13.96 again, which supports the continuation of our bearish overview for the upcoming period that targets the levels of 13.50 and then 13.00 mainly.

The EMA50 supports the suggested decline, and holding below 14.25 conditions its continuation.

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