Silver price resumes its bullish attempts to move to $16.56. Meanwhile, the metal aims to surpass this barrier, this will reinforce our expectations of extending the bullish wave towards $17.43. The price receives support from the EMA50, that reinforces the bullish scenario. Therefore, we still expect the bullish trend in the short term, unless $16.15 and the most important $15.49 are broken. The expected trading range for today is between 16.15 support and 16.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price resumes its bullish attempts to move to $16.56. Meanwhile, the metal aims to surpass this barrier, this will reinforce our expectations of extending the bullish wave towards $17.43. The price receives support from the EMA50, that reinforces the bullish scenario. Therefore, we still expect the bullish trend in the short term, unless $16.15 and the most important $15.49 are broken. The expected trading range for today is between 16.15 support and 16.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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