The Silver price tests the support base formed above 16.56 level, which represents the first protecting factor to the continuation of the recently suggested positive scenario, waiting to resume the bullish trend that its next target located at 17.43. Therefore, we will keep our bullish overview unless breaking 16.56 followed by 16.15 levels and holding below them, noting that breaching the targeted level will extend Silver price gains to reach 18.30 as a next station. The expected trading range for today is between 16.55 support and 17.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
The Silver price tests the support base formed above 16.56 level, which represents the first protecting factor to the continuation of the recently suggested positive scenario, waiting to resume the bullish trend that its next target located at 17.43. Therefore, we will keep our bullish overview unless breaking 16.56 followed by 16.15 levels and holding below them, noting that breaching the targeted level will extend Silver price gains to reach 18.30 as a next station. The expected trading range for today is between 16.55 support and 17.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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