(15 AUGUST 2018)Silver spot ($):Key resistance at 15.0700.

Pivot (invalidation): 15.0700

Our preference

Short positions below 15.0700 with targets at 14.8600 & 14.8000 in extension.

Alternative scenario

Above 15.0700 look for further upside with 15.1500 & 15.2400 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)