Silver leans on the support – Analysis - 15-09-2017

Silver price touched the intraday bullish channel's support and begins to rebound bullishly from there, noticing that stochastic begins to provide positive overlapping signal on the four hours' time frame, while the EMA50 provides continuous positive support to the price.

Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday and short term basis, and the waited targets begin by breaching 18.30 level to confirm extending silver price gains towards 19.38, reminding you that holding above 17.43 represents key condition to achieve the suggested targets.

Expected trading range for today is between 17.70 support and 18.00 resistance.

Expected trend for today: Bullish