FX.co ★ Daily analysis of Silver for June 02, 2016

Overview

The silver price steadily fluctuates above the key support at 15.87. Stochastic heads upwards providing a positive factor that supports a rise continuation in the upcoming period. Therefore, our bullish overview will remain valid and active on an intraday basis. The first target is represented by testing the 16.37 level, a break of which represents the key to extend the bullish wave towards 17.00. The bullish bias will remain active unless breaking 15.87 levels and holding below it. The expected trading range for today is between the 15.80 support and the 16.40 resistance.