The silver price tests the bullish trend line at 18.10 as shown on the chart again. The EMA50 meets there adding more strength to it and protecting the continuation of the recently suggested bullish trend scenario, which depends on the stability above the mentioned level. Therefore, we are waiting for positive trading in the upcoming period, and the price needs to breach 18.30 levels to open the way towards our next main target at 19.38. Remember that a break of 18.10 levels will push the price to the 17.43 areas before any new positive attempt. The expected trading range for today is between the 18.00 support and the 18.60 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The silver price tests the bullish trend line at 18.10 as shown on the chart again. The EMA50 meets there adding more strength to it and protecting the continuation of the recently suggested bullish trend scenario, which depends on the stability above the mentioned level. Therefore, we are waiting for positive trading in the upcoming period, and the price needs to breach 18.30 levels to open the way towards our next main target at 19.38. Remember that a break of 18.10 levels will push the price to the 17.43 areas before any new positive attempt. The expected trading range for today is between the 18.00 support and the 18.60 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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