Silver price shows sideways trading within the sideways track that appears on chart, noticing that stochastic provides clear positive signals on the four hours’ time frame, which forms positive motive that we are waiting to assist to push the price to breach 16.15 in the upcoming sessions, which will lead the price to touch our main waited target at 16.56. Therefore, the bullish trend scenario will remain valid in the upcoming sessions unless breaking 15.49 level and holding below it, noting that breaching 16.56 level will extend silver price gains to reach 17.43 direct. The expected trading range for today is between 15.60 support and 16.15 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price shows sideways trading within the sideways track that appears on chart, noticing that stochastic provides clear positive signals on the four hours’ time frame, which forms positive motive that we are waiting to assist to push the price to breach 16.15 in the upcoming sessions, which will lead the price to touch our main waited target at 16.56. Therefore, the bullish trend scenario will remain valid in the upcoming sessions unless breaking 15.49 level and holding below it, noting that breaching 16.56 level will extend silver price gains to reach 17.43 direct. The expected trading range for today is between 15.60 support and 16.15 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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