Silver’s rebound suggests that a short term bottom was formed at 14.40. Some resistance was seen from 55 days EMA on initial attempt. Hence, some consolidation would be seen first. But we’d expect another rise ahead.
![SILVER DAILY](https://riskmarket.co.uk/wp-content/uploads/2015/08/SILVER-DAILY-300x151.png)
![SILVE 4](https://riskmarket.co.uk/wp-content/uploads/2015/08/SILVE-4-300x151.png)
By Theodoros Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk