Midday update for Silver 28-06-2017

Silver price begins the attempts to breach the key resistance 16.75, which represents one of the next trend keys besides 16.56 support, which urges caution from the upcoming trading, as holding above the mentioned resistance will activate the positive scenario that targets 17.43 areas initially.

Until now, we will continue with our neutrality until the price confirms breaching one of the mentioned levels through monitoring the daily candlestick according to them, noting that breaking 16.56 level will push the price to decline towards 15.49 on the near term basis.

Expected trading range for today is between 16.56 support and 16.90 resistance.

Expected trend for today: Depends on the above mentioned levels