The silver price shows slight bearish bias in its way to continue the decline and test the critical support at 17.43. We prefer the bearish trend scenario in the upcoming sessions on the stability of the price below 18.30. The expected decline is temporary, where a breach of 18.30 represents the key of regaining the main bullish trend. You should be aware that a break of 17.43 and 17.20 levels will push the price to 16.56 levels before any new attempt to rise. The expected trading range for today is between the 17.70 support and the 18.10 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The silver price shows slight bearish bias in its way to continue the decline and test the critical support at 17.43. We prefer the bearish trend scenario in the upcoming sessions on the stability of the price below 18.30. The expected decline is temporary, where a breach of 18.30 represents the key of regaining the main bullish trend. You should be aware that a break of 17.43 and 17.20 levels will push the price to 16.56 levels before any new attempt to rise. The expected trading range for today is between the 17.70 support and the 18.10 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: