FX.co ★ Daily analysis of Silver for November 26, 2015

Overview

The silver price continues fluctuating near the EMA50. It keeps the negative pressure valid on an intraday and short-term bases, supported by stochastic approach from the overbought levels. Therefore, the bearish bias will be preferred in the upcoming sessions. Targets will begin by breaking the 13.96 level and heading to 13.50 then 13.00. Holding below the 14.85 level is important for achieving the suggested targets. Therefore, there is no change in the overall bearish trend scenario that depends on the stability below the 14.85 level. Its targets begin at 13.96 and extend to 13.50 then 13.00.