Silver resumes rising – Analysis - 27-03-2017

Silver price trades with clear positivity now to approach from 18.00 barrier, to keep the bullish trend valid efficiently in the upcoming period, reminding you that our initial main target at 18.30, and breaching it represents the heading key to the bullish channel’s resistance that organizes the current bullish wave at 18.85.

Stochastic current negativity might cause some temporary sideways fluctuation before continuing the expected rise, taking into consideration that the continuation of the current bullish momentum depends on the stability above 17.43 and 17.05 levels.

Expected trading range for today is between 17.60 support and 18.20 resistance.

Expected trend for today: Bullish