Midday update for Silver 25-05-2017
Economies.com
2017-05-25 10:52AM UTC
Silver price keeps its stability above 17.00 level, to keep the positive effect of the double bottom pattern active until now, supported by the EMA50 that carries the price from below, waiting to resume the bullish bias that targets testing 17.43 as a first main station.
The price might witness more sideways fluctuation affected by stochastic negativity before turning back to rise again, reminding you that the continuation of the expected bullish trend depends on the stability above 16.56.
Expected trading range for today is between 17.00 support and 17.50 resistance.
Expected trend for today: Bullish
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