Silver price pushes on the key support 16.45 now that urges caution for the short term. Stochastic is negative now, so breaking the mentioned level will force the price to suffer losses from 15.49 before any new bullish attempt. Until now, we keep the bullish outlook on condition of the price stability above 16.45. Let me remind you that our anticipated targets begins by breaching 16.80 to open the way towards 17.43. The expected trading range for today is between 16.40 support and 16.80 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
Silver price pushes on the key support 16.45 now that urges caution for the short term. Stochastic is negative now, so breaking the mentioned level will force the price to suffer losses from 15.49 before any new bullish attempt. Until now, we keep the bullish outlook on condition of the price stability above 16.45. Let me remind you that our anticipated targets begins by breaching 16.80 to open the way towards 17.43. The expected trading range for today is between 16.40 support and 16.80 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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