Silver attempts to recover – Analysis - 25-04-2017

Silver price provides positive attempts approaching from 18.00 barrier, while stochastic and the EMA50 form negative factors that keep the expected bearish bias valid temporarily, waiting to test 17.43 level before turning back to resume the main bullish trend.

Therefore, we are waiting for negative trading in the upcoming sessions unless the price managed to breach 18.30 level and hold above it, as this breach will stop the current negative pressure and lead the price to head towards 19.38 level mainly.

Expected trading range for today is between 17.60 support and 18.00 resistance.

Expected trend for today: Bearish temporarily