Silver is trading with a slight bearish bias in an attempt to head for our downward target at 17.43. This keeps our bearish scenario valid for the short term. Let me remind you that we are waiting for a bullish rebound after hitting the mentioned level to resume the bullish trend in the short run. The upward targets are seen at 18.30 extending to 19.38. You should be aware that breaking 17.43 will push the price down to approach 16.56 before any new attempt to rise. The expected trading range for today is between 17.60 support and 18.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver is trading with a slight bearish bias in an attempt to head for our downward target at 17.43. This keeps our bearish scenario valid for the short term. Let me remind you that we are waiting for a bullish rebound after hitting the mentioned level to resume the bullish trend in the short run. The upward targets are seen at 18.30 extending to 19.38. You should be aware that breaking 17.43 will push the price down to approach 16.56 before any new attempt to rise. The expected trading range for today is between 17.60 support and 18.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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