Daily analysis of Silver for July 14, 2017

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Overview

The Silver price shows some bearish bias to approach from testing the key support 15.49, and the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking this level will put the price under the negative pressure again, and it might head to visit 14.60 followed by 13.75 areas on the short term basis. The price might be forced to show some sideways fluctuation until it managed to get enough positive momentum to push trading to rise again, reminding you that our first positive target is located at 16.56. The expected trading range for today is between 15.50 support and 15.90 resistance.

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