FX.co ★ Daily analysis of Silver for May 24, 2016

Overview

The silver price tests the critical support level at 16.25. This level represents one of the next trend keys besides the 16.37 resistance, where the price needs to breach one of these levels to detect its next targets clearly. Therefore, we will keep our neutrality until we get a clearer signal for the next trend. To recognize the expected targets from the breach, please review our morning report. The expected trading range for today is between the 15.87 support and the 16.75 resistance.