Midday update for Silver 24-05-2017
Economies.com
2017-05-24 10:24AM UTC
Silver price retested the previously breached neckline of the double bottom pattern at 17.00 and keeps its stability above it, to keep the positive effect of this pattern active, supported by stochastic positivity that appears on the four hours' time frame, waiting to head towards 17.43 mainly.
In general, the bullish trend will remain suggested in the upcoming period unless we witnessed clear break and hold below 16.56.
Expected trading range for today is between 16.90 support and 17.43 resistance.
Expected trend for today: Bullish
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