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    Daily analysis of Silver for February 16, 2016 2016-02-16


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    The silver price continued its negative trading in order to break 15.30 levels and settle below it. Thus it will open the way for the continuation of the bearish bias in the upcoming period and target retesting of the 14.67 level that turned into a major resistance after a breach. Therefore, the bearish trend will be expected on the intraday basis unless breaching 15.30 and then 15.70 levels and holding above them. It is important to monitor price behavior when reaching the 14.67 level as it has the keys for detecting the next trend on the short-term basis. The expected trading range for today is between 14.67 support and 15.50 resistance.

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