Silver price managed to breach 16.56 level and settles above it now, reinforcing our expectations for the continuation of the rise in the upcoming sessions, opening the way toward our next target at 17.43. Stochastic heads to the upside to support the chances of the bullish bias continuation for today, therefore, we will keep our positive expectations valid on the intraday basis conditioned by holding above 16.10 level. The expected trading range for today is between 16.40 support and 16.90 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price managed to breach 16.56 level and settles above it now, reinforcing our expectations for the continuation of the rise in the upcoming sessions, opening the way toward our next target at 17.43. Stochastic heads to the upside to support the chances of the bullish bias continuation for today, therefore, we will keep our positive expectations valid on the intraday basis conditioned by holding above 16.10 level. The expected trading range for today is between 16.40 support and 16.90 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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