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    Daily analysis of Silver for February 10, 2016 2016-02-10

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    Overview

    Silver price has been moving with a bearish bias since yesterday targeting the territory below 15.30, while stochastic enters the oversold levels to form a positive motive, which is likely to assist in resuming the bullish correctional bias. Therefore, the bullish trend will remain valid and preferred in the upcoming sessions, conditioned by holding above 14.67. Breaching the level of 15.30 calls for opening the way towards 15.70, while the price needs to settle above 14.67 to achieve its recent targets with the next target at 15.70. An anticipated trading range is seen between support at 14.90 and resistance at 15.70 today.


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