Silver resumes rising – Analysis - 13-02-2017

Silver price’s trading bounced higher clearly after leaning on the intraday bullish channel’s support, to begin testing 18.00 barrier, waiting for more of the upside moves towards our next main target at 18.30, keeping the bullish trend scenario active in the upcoming period, reminding you that breaching the mentioned level will extend silver’s gains towards 19.38.

Reminding you that the continuation of the expected bullish trend depends on the stability above 17.43, where breaking this level will push the price to decline towards 16.56 before any new positive attempt. 

Expected trading range for today is between 17.60 support and 18.30 resistance.

Expected trend for today: Bullish