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    Daily analysis of Silver for March 04, 2016 2016-03-04

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    Overview

    The silver price continued its positive trading yesterday's evening and touched 15.30 levels approaching from the bearish channel's resistance. It makes us prefer staying aside temporarily in order to monitor the price behavior according to the key levels represented by 14.67 support and 15.35 resistance. We are waiting for breaching one of them to detect the next targets clearly. We have to note that breaching 15.35 levels will push the price to achieve more gains than its main targets reaching to 16.35; while breaking the 14.67 support represents the key to return to the main bearish track that targets the 13.63 area on the near-term basis.

    The expected trading range for today is between 14.67 support and 15.70 resistance.


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