Silver recovers – Analysis - 12-07-2017
Economies.com
2017-07-12 03:32AM UTC
Silver price rallied upwards clearly yesterday to breach 15.70 level and settles above it, which opens the way to continue the bullish bias in the upcoming sessions, on its way to test 16.56 level as a first main station.
Therefore, we suggest witnessing more rise on the intraday and short term basis, and breaching the targeted level will push the price to head towards 17.43 direct, while the expected rise will remain valid unless breaking 15.49 level and holding below it.
Expected trading range for today is between 15.70 support and 16.20 resistance.
Expected trend for today: Bullish
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