Silver is trading upwards after leaning on the EMA50, waiting to breach above the 17.43 level and head towards our next target at 18.30. Therefore, the bullish trend scenario will remain valid and active on the intraday and short-term basis unless breaking 16.85 followed by 16.56 levels and holding below them. The expected trading range for today is between 17.10 support and 17.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver is trading upwards after leaning on the EMA50, waiting to breach above the 17.43 level and head towards our next target at 18.30. Therefore, the bullish trend scenario will remain valid and active on the intraday and short-term basis unless breaking 16.85 followed by 16.56 levels and holding below them. The expected trading range for today is between 17.10 support and 17.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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