Overview
Silver price breached 14.70 level and settled above it, opening the way towards visiting the bearish channel's resistance near 15.15 in the upcoming sessions, noticing that stochastic reaches the thresholds of the overbought levels now, which supports bouncing lower to resuming the overall bearish trend according to the trading rules within the price channels. Therefore, the bearish trend will remain valid on the short-term basis, it might be proceeded by some temporary rise as we mentioned, taking into consideration that breaching 15.15 level will stop the negative scenario and pushes the price to achieve more gains on the intraday and short-term basis.
