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    Daily analysis of Silver for June 21, 2016

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    Overview

    The silver price provided slight positive trading yesterday in an attempt to move away from the EMA50. Meanwhile, stochastic provides a positive signal now, waiting for the price to resume the main bullish wave, which targets begin at 18.00 and extend to 18.63. In general, the bullish trend is still expected in the upcoming period unless breaking the 17.00 level and holding below it. A break of this level represents a negative factor that will push the price to return to the bearish correctional track. The expected trading range for today is between the 17.00 support and the 18.00 resistance.


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