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    Daily analysis of silver for June 14, 2016

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    Overview

    Silver price provides slight positive signs and attempts to build a support base above 17.40 which explains the reasons of the current sideways fluctuation. It may force the price to show more of the temporary sideways trading before resuming the main bullish wave the next target of which is located at 18.00. In general, we still prefer the bullish trend in the upcoming sessions supported by the EMA50 if the 17.00 level is held above. The expected trading range for today is between 17.10 support and 17.80 resistance.


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