FORECAST BY MARIUS GHISEA- SILVER (January 18-22)

According to the daily chart, the price of Silver is under EMA50 and this is a confirmation that this commodity is still in downtrend in the medium term. The MACD is near negative zone. Another confirmation of downtrend is the stochastic oscillator.

Silver Weekly Forecastdaily-page-001

This commodity is into a range between 14.10 and 13.70, but the price is still under EMA 200 on 8 hour chart. If the price breaks out of its range at 13.70, it will continue to fall.

Silver Forecast8h-page-001

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