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    Daily analysis of silver for June 15, 2016

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    Overview

    Silver price has been moving within sideways track for some days. Please note, that the stochastic shows bullish trend signals on the four hours' time frame, supporting the chances of resuming the bullish bias in the upcoming period. Therefore, we keep the positive scenario valid and active for today, waiting for the price to reach 18.00 level. Holding above 17.00 level represents key condition to achieve the waited targets, noting that the EMA50 meets the mentioned level to add more strength to the continuation of the suggested positive scenario.

    The expected trading range for today is between 17.10 support and 17.80 resistance.


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