Daily analysis of Silver for March 06, 2018

SILVERH4.png

Overview

The silver price continues to fluctuate at the bullish trend line shown on the chart as it gets positive signals from stochastic, which keeps the expected bullish trend valid and without any changes. We are waiting for the price to breach 16.65 levels to head towards our next target at 17.43. We should note that a break of 16.35 will stop the expected rise and push the price to visit 15.49 levels before any new attempt to rise. The expected trading range for today is between the 16.30 support and the 16.75 resistance.

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