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Daily analysis of Silver for June 20, 2016

SILVERH4.png

Overview

The silver price shows sideways trading near the EMA50. Stochastic approaches from negative overlapping signal that might push the price to test the key support 17.00 before any new attempt to rise. In general, the bullish trend scenario is still valid and active on the intraday and short-term bases conditioned by the price stability above the mentioned level and supported by the EMA50. Our awaited targets begin at 18.00 and extend to 18.63. The expected trading range for today is between the 17.00 support and the 18.00 resistance. The material has been provided by InstaForex Company - www.instaforex.com