Daily analysis of Silver for July 13, 2017

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Overview

Silver price provided clear positive trading yesterday to test 16.00 barrier, as it gets positive signals through stochastic. The metal is waiting for a higher rise to test 16.56 level that represents our first main target. Therefore, we are waiting for a further rise in the upcoming sessions on condition of holding above 15.49 level. Breaking this level will push the price to decline again and head for 14.60 followed by 13.75 levels on the short-term basis. The expected trading range for today is between 15.70 support and 16.20 resistance.

The material has been provided by InstaForex Company - www.instaforex.com