Silver price trading settles above 17.43 level that forms an important support base for the intraday trading. The price remains organized within the bullish channel. It waits for resuming the bullish wave according to the trading rules within the price channels. The main targets begin at 18.30 and extend to 18.80. In general, we will keep the bullish bias preferred unless witnessing clear break and stability below 16.95 and 16.56 levels. It points that breaking these levels will push the price to head to 15.49 before any new positive attempt. The expected trading range for today is between 17.35 support and 17.80 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price trading settles above 17.43 level that forms an important support base for the intraday trading. The price remains organized within the bullish channel. It waits for resuming the bullish wave according to the trading rules within the price channels. The main targets begin at 18.30 and extend to 18.80. In general, we will keep the bullish bias preferred unless witnessing clear break and stability below 16.95 and 16.56 levels. It points that breaking these levels will push the price to head to 15.49 before any new positive attempt. The expected trading range for today is between 17.35 support and 17.80 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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