Silver keeps the support base – Analysis - 16-01-2017
Economies.com
2017-01-16 05:10AM UTC
Silver price bounced upwards clearly after retesting 16.56 level, to keep the bullish trend valid and active inside the intraday bullish channel that appears on chart, which carries the price to head towards our next main target at 17.43.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 16.56 level, reminding you that breaching the targeted level will extend the bullish wave to reach 18.30 as a next main station.
Expected trading range for today is between 16.56 support and 17.20 resistance.
Expected trend for today: Bullish
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