A tight range continues to dominate the dynamic of the silver price, which moves around 17.20 levels. Thus, there is no change to the bullish trend scenario that depends on holding above 16.55 levels, supported by the EMA50 that carries the price from below. Our main targets begin by a breach of the 17.43 level, which will confirm opening the way to 18.30 as the next main station. 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
A tight range continues to dominate the dynamic of the silver price, which moves around 17.20 levels. Thus, there is no change to the bullish trend scenario that depends on holding above 16.55 levels, supported by the EMA50 that carries the price from below. Our main targets begin by a breach of the 17.43 level, which will confirm opening the way to 18.30 as the next main station. 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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