Daily analysis of SILVER for August 31, 2015

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Overview

Silver price retested the 14.70 level and bounced bearishly from there, getting negative signals through stochastic and the EMA50, which supports the continuation of the expected bearish trend for the upcoming sessions, which targets begin at 13.50 followed by 12.80. Silver price fluctuates within tight track since morning, therefore, there is no change in our intraday bearish trend expectations that targets 13.50 and then the 12.80 levels mainly, supported by the negativity of the EMA50 and stochastic, pointing that holding below the 14.70 level important for the continuation of the expected decline for today.

The material has been provided by InstaForex Company – www.instaforex.com

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