Silver price managed to surpass 18.00 barrier and settled above it, which supports the continuation of the bullish trend scenario on the intraday and short-term basis, waiting for testing 18.30 level initially. That points that breaching this level will push the price to visit the bullish channel’s resistance that located at 18.90. The price might witness some temporary sideways fluctuation affected by stochastic negativity, but in general, we keep preferring the bullish trend unless breaking 17.43 then 17.05 levels and holding below it. The expected trading range for today is between 17.80 support and 18.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price managed to surpass 18.00 barrier and settled above it, which supports the continuation of the bullish trend scenario on the intraday and short-term basis, waiting for testing 18.30 level initially. That points that breaching this level will push the price to visit the bullish channel’s resistance that located at 18.90. The price might witness some temporary sideways fluctuation affected by stochastic negativity, but in general, we keep preferring the bullish trend unless breaking 17.43 then 17.05 levels and holding below it. The expected trading range for today is between 17.80 support and 18.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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