Silver achieves more gains – Analysis - 28-03-2017

Silver price managed to surpass 18.00 barrier and settled above it, which supports the continuation of the bullish trend scenario on the intraday and short term basis, waiting for testing 18.30 level initially, pointing that breaching this level will push the price to visit the bullish channel’s resistance that located at 18.90.

The price might witness some temporary sideways fluctuation affected by stochastic negativity, but in general, we keep preferring the bullish trend unless breaking 17.43 then 17.05 levels and holding below it.

Expected trading range for today is between 17.80 support and 18.30 resistance.

Expected trend for today: Bullish