Silver keeps the support base – Analysis - 18-05-2017
Economies.com
2017-05-18 04:20AM UTC
Silver price keeps its stability above 16.80 level, and the EMA50 provides continuous positive support for the price, while stochastic attempts to get rid of its negativity and gaining the positive momentum gradually on the four-hour time frame.
Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming sessions, and its first target at 17.43, being aware that holding above 16.56 represents the most important condition for the continuation of the suggested rise.
Expected trading range for today is between 16.70 support and 17.30 resistance.
Expected trend for today: Bullish
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