FX.co ★ Daily analysis of Silver for March 28, 2016

Overview

Silver price continues to fluctuate around the bullish channel support that appears on image and keeps its stablility above it. This keeps the bullish trend scenario valid until now, waiting to breach the 15.30 level to open the way to the target of 15.70 followed by the 16.35 levels mainly. We have to note that breaking the 15.15 level and holding below it will stop the suggested rise and put the price under the negative pressure on the short-term and medium-term basis.

The expected trading range for today is between 15.00 support and 15.50 resistance.