Midday update for Silver 27-03-2017

Silver price crawls calmly to the upside to fluctuate near 18.00, waiting for more of the upside moves in the upcoming sessions to visit our waited initial target at 18.30, and the price gets continuous positive support from the EMA50 that pushes the price to the upside, to keep the bullish trend preferred on the intraday and short term basis.

Reminding you that breaching the targeted level will extend the bullish wave to 18.85, while the bullish trend will remain valid unless breaking 17.43 then 17.05 levels and holding below it.

Expected trading range for today is between 17.60 support and 18.20 resistance.

Expected trend for today: Bullish