Midday update for Silver 09-01-2017
Economies.com
2017-01-09 11:28AM UTC
Silver price fluctuates near the critical resistance at 16.56, waiting for breaching it to reinforce our expectations for the bullish trend continuation on the intraday and short term basis, which will push the price to target 17.43 level directly, where the EMA50 continues providing positive support for the price.
Therefore, the bullish trend scenario will remain valid for the rest of the day unless breaking 16.05 level and holding below it.
Expected trading range for today is between 16.20 support and 16.80 resistance.
Expected trend for today: Bullish
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