Midday update for Silver 20-03-2017

Silver price fluctuates near 17.43 level without breaching it until now, where the price affected by stochastic negativity, which might cause more of the sideways fluctuation until gaining enough positive momentum to push the trading to breach the mentioned level, then rally towards our initial target at 18.30.

In general, the bullish trend scenario will remain valid for today unless breaking 16.90 then 16.56 levels and holding below it, where breaking these levels will push the price to visit 15.49 levels before any new attempt to rise.

Expected trading range for today is between 17.20 support and 17.70 resistance.

Expected trend for today: Bullish