FX.co ★ Daily analysis of Silver for October 13, 2016

Overview

The silver price has been trading sideways since morning, holding above the key support base located at $17.43. This keeps our bullish overview valid until now. Note that a breach of $17.80 levels will help the price head towards our main targets that begin at $18.30 and extend to $19.38. Therefore, we will keep our bullish overview that targets $18.30 followed by $19.38 levels mainly. Stochastic heads upwards to support the suggested rise. The expected trading range for today is between the $17.30 support and $18.00 resistance.