Silver crawls upwards – Analysis - 18-07-2017

Silver price resumes its positive trading to approach gradually from our first waited target at 16.56, noting that the EMA50 meets the mentioned level, which might cause difficulty to breach it and extend the bullish wave on the short term basis.

Overall, holding above 15.49 keeps our bullish overview valid on the intraday and short term basis, noting that breaching 16.56 will push the price to extend its gains towards 17.43 as a next main target.

Expected trading range for today is between 16.00 support and 16.56 resistance.

Expected trend for today: Bullish