The silver price has returned to fluctuate near the 15.85 level and the EMA50 after the Friday positive attempt. Stochastic has gained good positive momentum in the four-hour time frame, and it has begun generating positive overlapping signals that we wait for to motivate the price to resume the bullish trend. Therefore, we keep preferring the bullish trend in the upcoming period conditioned by holding above the 15.40 level, waiting for targeting the 16.30 and then 16.85 levels. We remind you that holding above the 15.40 level represents an important condition for the continuation of the suggested rise. Expected trading range for today is between the 15.40 support and 16.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
The silver price has returned to fluctuate near the 15.85 level and the EMA50 after the Friday positive attempt. Stochastic has gained good positive momentum in the four-hour time frame, and it has begun generating positive overlapping signals that we wait for to motivate the price to resume the bullish trend. Therefore, we keep preferring the bullish trend in the upcoming period conditioned by holding above the 15.40 level, waiting for targeting the 16.30 and then 16.85 levels. We remind you that holding above the 15.40 level represents an important condition for the continuation of the suggested rise. Expected trading range for today is between the 15.40 support and 16.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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