Silver is stable – Analysis - 22-02-2017
Economies.com
2017-02-22 05:32AM UTC
Silver price keeps its stability above the short term bullish channel’s support, and it gets continuous positive support from the EMA50, which keeps the bullish trend scenario active in the upcoming period, waiting for testing 18.30 initially, reminding you that breaching this level will extend the bullish wave to 19.38.
Note that breaking 17.90 level will push the price to decline temporarily to 17.43 levels before any new attempt to rise.
Expected trading range for today is between 17.80 support and 18.30 resistance.
Expected trend for today: Bullish
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