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Daily analysis of Silver for March 03, 2016 2016-03-03

SILVERH4.png

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Overview

The silver price trades steadily below 15.00 levels keeping the bearish trend expectations valid for the rest of the day. It is supported by stochastic negativity that appears on the chart. Therefore, we wait for breaking the 14.67 level to reinforce expectations for heading to 14.27 then 13.63 as next main targets for the current bearish wave. Remember that holding below 15.00 levels is important to achieve the suggested targets.

The expected trading range for today is between 14.00 support and 15.30 resistance.



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