Silver leans on the support base – Analysis - 12-01-2017
Economies.com
2017-01-12 05:29AM UTC
Silver price retested 16.56 level and bounced bullishly from there, to resume its bullish track inside the minor bullish channel that appears on chart, waiting to continue rising to visit 17.43 as a next main station.
Therefore, the bullish trend will remain suggested in the upcoming sessions supported by the EMA50, reminding you that breaking 16.56 level will stop the suggested rise and push the price to visit 16.20 and might extend to 15.49 before any new attempt to rise.
Expected trading range for today is between 16.60 support and 17.15 resistance.
Expected trend for today: Bullish
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