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25.06.201507:43 Forex Analysis & Reviews: Technical analysis of Silver for June 25, 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 25.06.2015 analysis

Technical outlook and chart setups:

On Tuesday, silver dropped marginally lower to the level of $15.75 before pulling back again. The metal is trading around $15.93 now and the H4 chart view suggests further upside movement here. The metal broke below the trend-line support, but is still seen to be holding previous support at $15.60. It is hence recommended to remain long now with risk at $15.30. Immediate support is seen at the level of $15.60 followed by $15.30 and lower while resistance is seen at $16.40 (interim) followed by $17.20, $17.70, and higher respectively.

Trading recommendations:

Remain long for now, stop is at $15.30, a target is open.

Good luck!

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