24.06.201618:34 Forex Analysis & Reviews: Daily analysis of Silver for June 24, 2016

Long-term review

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Overview

The silver price has achieved strong gains this morning and managed to touch our first main awaited target at 18.00 as it has attempted to breach it and settled around it now. This supports our expectations for bullish trend continuation for the upcoming period. The price needs a daily close above the mentioned level to confirm heading towards our next target located at 18.63. Note that a break of 17.00 levels will push the price to return to the correctional bearish track, which next target is located at 16.37. The expected trading range for today is between the 17.00 support and the 17.70 resistance.

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