Daily analysis of Silver for January 14, 2016 Market Analysis Review

Overview

The silver price showed some positive attempts to move above the 13.96 level yesterday. Trading is still confined inside the sideways range that appears on the chart. It is waiting to breach one of its lines represented by the 13.65 support and 14.25 resistance to detect next targets clearly. We remind you that breaching the mark of 14.25 will allow the price to achieve some intraday gains reaching 15.30 mainly. Breaking the 13.65 level will put the price under negative pressure. Its main targets begin at 13.00. Until now, the sideways range prevails in intraday trading between the 13.65 support and 14.25 resistance, waiting to break one of these levels to detect next targets clearly. Look at our morning report to recognize the expected targets from the breach. An expected trading range for today is between the 13.65 support and 14.35 resistance.

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