Silver gathers the positive momentum – Analysis - 22-01-2018

Economies.com
2018-01-22 05:38AM UTC

Silver price continues to fluctuate within sideways track, settling around 17.00, noticing that stochastic gains the positive momentum gradually to approach the oversold areas, waiting to motivate the price to provide positive trades in the upcoming sessions.

 

In general, we will continue to suggest the bullish trend as long as 16.55 level remains intact, reminding you that our main targets begin at 17.43 and extend to 18.30 after breaching the previous level.

 

Expected trading range for today is between 16.85 support and 17.30 resistance.

 

Expected trend for today: Bullish

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