Daily analysis of Silver for December 07, 2016

Overview

Silver price is trading with a slight bullish bias now. Price could resume the bullish trend for today as stochastics indicates the bullish momentum. The metal is expected to breach the 16.85 level to ease the mission of heading for 17.43 which represents the first main target. Therefore, the bullish scenario is valid for today unless we witness a clear break to trade below 16.56. The expected trading range for today is between 16.56 support and 17.20 resistance.

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