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    Daily analysis of Silver for March 31, 2016 2016-03-31

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    Overview

    Silver price returns to test the bullish channel's support at 15.15, and as long as the price is above this level, chances are still high to resume the bullish trend on the intraday and short-term basis. Therefore, we will keep our bullish trend outlook that targets are seen at 15.70 followed by 16.35, noting that breaking 15.15 level will push the price to head towards 14.67 areas before hitting the next target on the short-term basis.

    The expected trading range for today is between 15.00 support and 15.70 resistance.


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