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FX.co ★ Daily analysis of Silver for June 09, 2014

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Forex Analysis:::2014-06-09T10:39:16

Daily analysis of Silver for June 09, 2014

Daily analysis of Silver for June 09, 2014

Overview

According to last week expections expressed , the price’s close below the Resistance level of 19.20 would give new opportunities for sell signals. Currently, the metal has already managed to close below the Resistance level to trade below and open the way towards 19.00 as the first target, then the metal must test the Support level 19.00 to get more bearish move till reaching 18.60 as the second target. On the other hand, the metal's rebound from the Support level 19.00 cancels bearish scenario.

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