(31 OCTOBER 2018)Silver spot ($):Key resistance at 14.4700.

Pivot (invalidation): 14.4700

Our preference

Short positions below 14.4700 with targets at 14.3500 & 14.2800 in extension.

Alternative scenario

Above 14.4700 look for further upside with 14.5100 & 14.5600 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)