Silver price shows slight bearish bias to approach from retesting the critical support at 17.43, as long as the price above this level, the bullish trend scenario will remain valid on the intraday and short term basis, pointing that the next main target at 18.30. On the other hand, breaking 17.43 level will push the price to visit levels begin at 17.00 and might extend to 16.56 before any new positive attempt. The expected trading range for today is between 17.43 support and 17.80 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price shows slight bearish bias to approach from retesting the critical support at 17.43, as long as the price above this level, the bullish trend scenario will remain valid on the intraday and short term basis, pointing that the next main target at 18.30. On the other hand, breaking 17.43 level will push the price to visit levels begin at 17.00 and might extend to 16.56 before any new positive attempt. The expected trading range for today is between 17.43 support and 17.80 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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