Silver approaches from the target – Analysis - 24-04-2017
Economies.com
2017-04-24 04:25AM UTC
Silver price resumed its negative trading to approach from our waited target at 17.43, and the bearish bias remains preferred temporarily, waiting for bouncing higher to resume the main bullish trend, being aware that breaking the mentioned level will extend silver price losses to reach 16.56.
On the other hand, breaching 18.30 will stop the current negative pressure and pushes the price to regain its main bullish track that its main targets begin at 19.38.
Expected trading range for today is between 17.60 support and 18.00 resistance.
Expected trend for today: Bearish temporarily
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