FX.co ★ Daily analysis of Silver for July 14, 2016

Overview

The silver price keeps fluctuating within a tight track above 20.00 levels, while the EMA50 continues providing support to the price from below, which keeps the bullish trend scenario valid for the upcoming period. Stochastic is likely to provide a positive signal on the four-hour time frame. Our main awaited targets reach to 22.00 and then 22.40; their achievement is conditioned by holding above 19.35 levels.

The expected trading range for today is between the 20.00 support and the 21.40 resistance.