The silver price traded upwards after leaning on the EMA50 yesterday and headed towards our first main awaited target at 17.43. As long as the price is above 16.56, our bullish overview will remain valid and active for the upcoming period. The price is likely to breach the targeted level to move to 18.30 directly. Note that a break of 16.56 levels will stop the expected rise and push the price to 15.49 levels before any new attempt to rise. The expected trading range for today is between the 16.90 support and the 17.43 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The silver price traded upwards after leaning on the EMA50 yesterday and headed towards our first main awaited target at 17.43. As long as the price is above 16.56, our bullish overview will remain valid and active for the upcoming period. The price is likely to breach the targeted level to move to 18.30 directly. Note that a break of 16.56 levels will stop the expected rise and push the price to 15.49 levels before any new attempt to rise. The expected trading range for today is between the 16.90 support and the 17.43 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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