The silver price opened today’s trading with more bullish bias breaching and settling above 16.15 levels. The price received positive momentum that supports our expectations of continuing the bullish trend on the intraday and short-term basis, which next target is at 16.56. A breach of this level will push the price to 17.43 as the next main station. Therefore, we are waiting for further upside in the upcoming sessions unless breaking and holding below 15.49. The expected trading range for today is between the 16.00 support and the 16.56 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The silver price opened today’s trading with more bullish bias breaching and settling above 16.15 levels. The price received positive momentum that supports our expectations of continuing the bullish trend on the intraday and short-term basis, which next target is at 16.56. A breach of this level will push the price to 17.43 as the next main station. Therefore, we are waiting for further upside in the upcoming sessions unless breaking and holding below 15.49. The expected trading range for today is between the 16.00 support and the 16.56 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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