Silver still stuck – Analysis - 03-10-2016

Silver price attempted to breach 19.38 level on last Friday but it could not manage to hold above it, to keep trading stuck between the mentioned resistance and 19.00 support, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.

We remind you that breaching 19.38 level will push the price to achieve gains that begin at 20.00 and extend to 21.12, while breaking 19.00 level will push the price to visit 18.30 level before any new attempt to rise.

Expected trading range for today is between 18.80 support and 19.60 resistance.

Expected trend for today: Depends on the above mentioned levels