FX.co ★ Daily analysis of Silver for July 20, 2017

Overview

Silver price made some bullish efforts yesterday, heading towards our first main target at 16.56. Please note that stochastic negativity that is clearly seen now might cause temporary sideways fluctuation before a further rise. In general, we will keep our bullish scenario conditioned by holding above 15.49 level. Please be aware that breaching 16.56 will lead the price to extend its gains and head towards 17.43 on the near-term basis. The expected trading range for today is between 16.00 support and 16.56 resistance.