Silver resumes rising – Analysis - 13-07-2017

Silver price provided clear positive trading yesterday to test 16.00 barrier, as it gets positive signals through stochastic, waiting for more rise to test 16.56 level that represents our first main target.

Therefore, we are waiting for more rise in the upcoming sessions conditioned by holding above 15.49 level, as breaking this level will push the price to decline again and head to visit 14.60 followed by 13.75 levels on the short term basis.

Expected trading range for today is between 15.70 support and 16.20 resistance.

Expected trend for today: Bullish