The silver price settles above 16.56 levels. The 16.80 barrier is still forming an obstacle against the price attempts to rise, while stochastic attempts to get rid of its negativity and gain the positive momentum on the four-hour time frame. Therefore, the bullish trend scenario will remain suggested in the upcoming period unless breaking and holding below 16.56 levels. Our next main target is located at 17.43. The expected trading range for today is between the 16.56 support and the 16.90 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The silver price settles above 16.56 levels. The 16.80 barrier is still forming an obstacle against the price attempts to rise, while stochastic attempts to get rid of its negativity and gain the positive momentum on the four-hour time frame. Therefore, the bullish trend scenario will remain suggested in the upcoming period unless breaking and holding below 16.56 levels. Our next main target is located at 17.43. The expected trading range for today is between the 16.56 support and the 16.90 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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