Silver price broke the level of 15.85 and closed above it. That underpinned a bullish correctional rise on an intraday and short-term basis. As the price targets the level of 16.30, a breakout above this level will extend the bullish wave towards 16.85. The price found continuous support at the EMA50, and we should n hold above the level of 15.40 to hit our targets. We expect a trading range between support of 15.40 support and resistance of 16.85 today.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
Silver price broke the level of 15.85 and closed above it. That underpinned a bullish correctional rise on an intraday and short-term basis. As the price targets the level of 16.30, a breakout above this level will extend the bullish wave towards 16.85. The price found continuous support at the EMA50, and we should n hold above the level of 15.40 to hit our targets. We expect a trading range between support of 15.40 support and resistance of 16.85 today.
The material has been provided by InstaForex Company – www.instaforex.com
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