The silver price traded negatively in a muted way yesterday in attempt to approach our first awaited target at 17.43, keeping the bullish trend scenario valid as it is without any change. The price is likely to breach this level to confirm extension of the bullish wave towards 18.30, reminding you that holding above 16.55 represents the most important condition to continue the suggested rise. The expected trading range for today is between the 17.00 support and the 17.42 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
The silver price traded negatively in a muted way yesterday in attempt to approach our first awaited target at 17.43, keeping the bullish trend scenario valid as it is without any change. The price is likely to breach this level to confirm extension of the bullish wave towards 18.30, reminding you that holding above 16.55 represents the most important condition to continue the suggested rise. The expected trading range for today is between the 17.00 support and the 17.42 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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