Silver awaits the activation of the positive signal – Analysis - 23-10-2017

Silver price settles around the EMA50, while stochastic continues to provide the positive signals on the daily time frame, waiting to motivate the price to resume the bullish trend on the intraday and short term basis, which targets testing 17.43 level initially.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 16.56 level and holding below it, noting that breaching the targeted level will extend silver price gains to reach 18.30 as a next main station.

Expected trading range for today is between 16.85 support and 17.20 resistance.

Expected trend for today: Bullish