Daily analysis of Silver for September 28, 2015 Market Analysis Review

Overview

According to the H4 chart, silver prices show sideways trading settled above the level of 15.00. That shows stochastic's attempts to get rid of its negative and gradually gain positive momentum to support the chances of resuming the bullish trend that gets good support from the EMA50. It tries to breach the level of 15.40 in order to confirm targeting at 15.85 and then at 16.30. In general, holding above the level of 14.60, silver enables us to keep our positive expectations in the intraday and short term with its main targets at 15.85 and 16.30 reached.

The material has been provided by InstaForex Company - www.instaforex.com

For detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of Silver for September 28, 2015 . Thanks for your support.