Daily analysis of Silver for December 29, 2016

Overview

The silver price has started trying to breach the key resistance at 16.15 now, which supports the expected bullish trend continuation in the upcoming period. The price is likely to visit 16.56 levels and the breach of it will lead the price to 17.43 levels. In general, we will still expect bullish bias unless breaking and holding below 15.49 levels. The expected trading range for today is between the 15.90 support and the 16.56 resistance.

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