The price of the SILVER commodity traded in a bearish wave all day yesterday, but sellers have not been able to bring the price down through the lower area of 70.832, which is the initial target of the Seller forces. On the H4 timeframe tonight, candles appear to start edging up to the price level of 73.570, held back by the EMA21 blue line area which converges with the dynamic resistance line of the EMA50 purple line and is below the EMA200 orange line. Meanwhile, the CCI14 indicator still appears to be swinging below the neutral area of the zero line. In general, the plan to SELL SILVER for today will still be the most profitable trading choice, by placing a stop loss in the higher area of 76.905 and the initial target below the lower area of 70.832.
