According to the H4 chart, silver price succeeded in breaching yesterday’s horizontal resistance, whicn is observed on the chart. It aims to get a positive factor to reinforces the expectations of a rise during an upcoming period, waiting for a test at 16.30 followed by 16.85. Therefore, the bullish trend will remain valid and active on the intraday and short term basis if the price holds above 15.40. The EMA50 continues to provide the price with positive support.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
According to the H4 chart, silver price succeeded in breaching yesterday’s horizontal resistance, whicn is observed on the chart. It aims to get a positive factor to reinforces the expectations of a rise during an upcoming period, waiting for a test at 16.30 followed by 16.85. Therefore, the bullish trend will remain valid and active on the intraday and short term basis if the price holds above 15.40. The EMA50 continues to provide the price with positive support.
The material has been provided by InstaForex Company – www.instaforex.com
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