Silver gets positive motive – Analysis - 20-02-2017

Silver price trades at the bullish channel’s support now, which meets the EMA50 to protect the trading within this channel, where stochastic reaches the oversold levels now, providing positive motive that we wait to strengthen the current support levels.

Therefore, the bullish trend will remain preferred on the intraday and short term basis, and the targets begin at 18.30 and extend to 19.38, being aware that breaking 17.85 level will push the price to test 17.43 level before it return to resume the bullish trend again.

Expected trading range for today is between 17.80 support and 18.40 resistance.

Expected trend for today: Bullish