Midday update for Silver 13-02-2017

Silver price’s trading settles near 17.90 since morning, as long as the price above 17.43, so the bullish trend scenario will remain active for today, waiting for testing 18.30 level initially, and breaching it represents the extension key for the bullish wave to 19.38.

The EMA50 keeps supporting the suggested bullish wave’s support, while stochastic shows negative signals that might decelerate the price mission to achieve the waited targets.

Expected trading range for today is between 17.60 support and 18.30 resistance.

Expected trend for today: Bullish