Midday update for Silver 11-01-2017
Economies.com
2017-01-11 11:11AM UTC
Silver price shows slight positive trading since morning and fluctuates near 16.75 now, settled within the minor bullish channel that appears in the above chart, targeting visiting 17.43 level mainly.
In general, the bullish trend scenario remains valid for today unless breaking 16.56 level and holding below it, pointing that the EMA50 provides continuous positive support for the suggested bullish wave.
Expected trading range for today is between 16.56 support and 17.15 resistance.
Expected trend for today: Bullish
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