Silver price has been showing a bearish bias since morning negativity affected by stochastic to move below 15.85 now, but in general, holding above the level of 15.40. This keeps the positive scenario valid and active for an upcoming period. It might be preceded by some negative fluctuations before resuming a suggested bullish wave. Stochastic provides a negative signal now, which might cause more sideways fluctuations before continuing the long-awaited rise with targets at 16.30 and 16.85 initially. We remind you that expected positive targets are seen at 16.30 and 16.85 breaching the last level will extend gains in the short term.
The material has been provided by InstaForex Company – www.instaforex.com