Midday update for Silver 16-02-2017
Economies.com
2017-02-16 11:43AM UTC
Silver price shows bullish bias now in attempt to approach from our first main waited target at 18.30, which reinforces our positive overview on the intraday and short term basis, organized inside the bullish channel that appears on chart, waiting to breach the mentioned level to head towards 19.38 as a next main station.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 17.75 followed by 17.43 levels and holding below them.
Expected trading range for today is between 17.75 support and 18.40 resistance.
Expected trend for today: Bullish
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