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    Daily analysis of Silver for February 26, 2016 2016-02-26

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    Overview

    Silver prices keep moving between 50% and 76.4% Fibonacci levels, which keeps the sideways range dominant in intraday trading that hints sideways trading will remain dominant in the sessions to come. We are waiting for an opportunity to breach one of the key levels represented by 15.00 support and 15.70 resistance to detect the next targets clearly, reminding you that breaking this level will push the price into the main bearish trend. The next main target is located at 13.63, while breaching 15.70 represents the key to rally towards the a target at the level of 16.35.

    The expected trading range for today is between 14.70 support and 15.70 resistance.


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