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Daily analysis of Silver for November 03, 2015

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Overview

The silver price attempted to break the 15.40 level yesterday, but it moved above it again. It keeps the positive scenario valid until now, supported by stochastic, waiting for visiting 15.85 then 16.30 levels mainly. Breaking the 15.40 level and holding below it will push the price to visit the 14.85 level initially, and it might extend to 13.96 after breaking the previous level. Therefore, the morning suggested scenario will remain valid as it is until now, the price needs to trade above 15.40 again to reinforce the chances for heading towards our positive targets that begin at 15.85 and then 16.30.



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