Silver price approached the key resistance level at 19.38 yesterday after it managed to breach the EMA50 and hold above it, forming good support base. It supports the chances of breaching the mentioned level followed by prospects of a further rise in the short term. Therefore, we are waiting for an upward in the upcoming sessions. Breaching 19.38 will ease the mission of heading towards the previously recorded top at 21.12 as the next main station. Let me remind you that holding above 18.30 represents the key condition to achieve the suggested targets. The expected trading range for today is between 19.00 support and 19.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price approached the key resistance level at 19.38 yesterday after it managed to breach the EMA50 and hold above it, forming good support base. It supports the chances of breaching the mentioned level followed by prospects of a further rise in the short term. Therefore, we are waiting for an upward in the upcoming sessions. Breaching 19.38 will ease the mission of heading towards the previously recorded top at 21.12 as the next main station. Let me remind you that holding above 18.30 represents the key condition to achieve the suggested targets. The expected trading range for today is between 19.00 support and 19.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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