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    Daily analysis of Silver for March 11, 2016 2016-03-11

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    Overview

    Silver price rallied upwards clearly yesterday to touch 15.70 level and settle near it. As we mentioned in our recent reports, the price needs to breach this level to reinforce the expectations for continuation of the bullish trend in near future. It will open the way to visit 16.35 level as the next main station. Therefore, the positive overview will remain valid for the rest of the day conditioned by holding above 15.15 and 14.67 levels.

    The expected trading range for today is between 15.15 support and 16.00 resistance.


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