Overview
The silver price shows clear bullish attempts now moving away from the EMA 50, thus supporting our expectations for bullish trend continuation today. Its first target is at 18.00. Therefore, the bullish trend scenario will remain valid and active for the upcoming period. It might be preceded by some slight bearish bias affected by stochastic negativity before resuming the expected rise, which targets begin at 18.00 and extend to 18.63. The expected trading range for today is between the 17.00 support and the 18.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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