Midday update for Silver 18-05-2017
Economies.com
2017-05-18 10:14AM UTC
Silver price did not show any strong move since morning, to continue fluctuating around 16.80 level, keeping its stability above it, thus, no change on the bullish trend scenario that depends on holding above 16.56, supported by the EMA50, reminding you that our next main target is located at 17.43 initially.
Stochastic begins to overlap positively to reinforce the expectations for moving higher, and its continuation conditioned by holding above 16.56 level.
Expected trading range for today is between 16.70 support and 17.30 resistance.
Expected trend for today: Bullish
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