Silver returns to fluctuate – Analysis - 21-11-2017

Silver price returns to fluctuate around the EMA50, after testing 17.43 level in the previous sessions, and it needs to get strong positive motive that supports the chances of breaching the mentioned level to confirm extending the bullish wave towards 18.30 that represents our next main target.

In general, we will keep our positive overview for the upcoming period unless breaking 16.56 level and holding below it, as breaking this level will push the price to visit 15.49 areas before any new attempt to rise.

Expected trading range for today is between 16.75 support and 17.20 resistance.

Expected trend for today: Bullish