Silver Technical Analysis: The upside potential is related to the failure to break the price of 14.33

18 oct. 2018 04:42

The upside is still in place, due to the up trend taken by the silver price since the bottom 13.93 has not been confirmed. But at the same time, the price of 14.33 will be the determinant of the probability of a return to the upside, breaking the mentioned level 14.33 will fail the upside.

From the top, the resumption of the trading above 14.73 will restore the positivity to the silver price.

Therefore, we think it is good to buy silver above 14.45 with the expected profit taking in two stages at 14.6515.00 and stop loss below 14.33.

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