Silver attempts positively – Analysis - 20-03-2017

Silver price resumes its positive trading after forming a good support base by the EMA50 against the last decline of the price, to begin testing 17.43 level now, reminding you that breaching this level will open the way towards 18.30 level that represents the first main station.

Therefore, we keep preferring the bullish trend in the upcoming sessions, and breaching 18.30 level will extend silver gains to reach 19.38, while the suggested rise will remain valid unless witnessing clear breach to 16.90 then 16.56 and holding below it.

Expected trading range for today is between 17.20 support and 17.70 resistance.

Expected trend for today: Bullish