Silver approaches from the target – Analysis - 23-05-2017
Economies.com
2017-05-23 04:27AM UTC
Silver price traded with clear positivity yesterday to approach from our first waited target at 17.43, reinforcing the expectations for the continuation of the bullish trend on the intraday and short term basis, pointing that breaching the mentioned level will extend the gains to reach 18.30 as a next main station.
The EMA50 supports the suggested bullish wave, and its continuation conditioned by holding above 16.56 level.
Expected trading range for today is between 16.95 support and 17.43 resistance.
Expected trend for today: Bullish
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