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    Daily analysis of Silver for March 17, 2016 2016-03-17

    SILVERH4.png

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    Overview

    The silver price is testing the key resistance level of 15.70 and continuing trading inside the bullish channel that appears on chart. The price needs to breach this level to reinforce expectations for a rise on the short-term basis. In general, we still expect the bullish trend as long as the price is above 15.00 and 14.67 levels. Remember that our extended target reaches to 16.35 after a successful breach of the 15.70 level. The expected trading range for today is between 15.30 support and 16.00 resistance.


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