Silver tests the moving average – Analysis - 26-09-2017

Silver price tests the minor resistance at 17.15, met by the EMA50 to add more strength to it, and as long as the price is below 17.43, our bearish overview will remain valid, reminding you that the main waited target is located at 16.56.

It is important to note that rallying bullishly to breach 17.43 will stop the expected decline and lead the price to achieve positive targets that start at 18.30 and extend to 19.38.

Expected trading range for today is between 16.90 support and 17.30 resistance.

Expected trend for today: Bearish