Silver needs a positive motive – Analysis - 20-02-2018

Silver price is testing the key support 16.56 now, which represents the first protecting factor to the continuation of the recently suggested positive scenario besides the most important support at 16.15, and as long as the price is above these levels, the bullish trend will remain suggested in the upcoming sessions, waiting to test 17.43 level initially.

Breaching 16.80 level will ease the mission of heading towards the mentioned target, while breaking 16.15 will push the price to visit 15.49 areas before any new attempt to rise.

Expected trading range for today is between 16.45 support and 16.80 resistance.

Expected trend for today: Bullish