The silver price continues trading downwards below the 17.00 barrier, reinforcing the expectations for achieving more downward targets that test 16.56 levels mainly. It points to the steadiness of this level against the negative pressure that will help the price resume the main bullish trend. Therefore, the bearish bias will remain preferred for today unless breaching and holding above 17.43 levels, where a breach of this level will leads the price to achieve positive targets that begin at 18.30 mainly. The expected trading range for today is between the 16.70 support and the 17.10 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The silver price continues trading downwards below the 17.00 barrier, reinforcing the expectations for achieving more downward targets that test 16.56 levels mainly. It points to the steadiness of this level against the negative pressure that will help the price resume the main bullish trend. Therefore, the bearish bias will remain preferred for today unless breaching and holding above 17.43 levels, where a breach of this level will leads the price to achieve positive targets that begin at 18.30 mainly. The expected trading range for today is between the 16.70 support and the 17.10 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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