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    Daily analysis of silver for June 10, 2016 2016-06-10

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    Overview

    Silver has been fluctuating near 17.25 level since morning. The price needs a positive motive that will support the continuation of the bullish trend today, which depends on the stability above 17.00 level, waiting for heading to 18.00 level that represents the next main target for the current bullish wave. Breaching 17.30 level will make it easer to achieve the waited target, while breaking 17.00 level represents a negative factor that will push the price to visit 16.37 level before it returns to rise.

    The expected trading range for today is between 16.80 support and 17.70 resistance.


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