Midday update for Silver 21-03-2017
Economies.com
2017-03-21 11:14AM UTC
Silver price returns to test 17.43 level now in attempt to breach it, while stochastic gets ready to provide positive overlapping signal on the four hours’ time frame, which forms positive motive that we wait to assist to achieve the required breach then opens the way towards 18.30 that represents our next main target.
Therefore, the positive scenario will remain active for today unless breaking 16.90 then 16.56 levels and holding below it.
Expected trading range for today is between 17.20 support and 17.60 resistance.
Expected trend for today: Bullish
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