Midday update for Silver 21-09-2017
Economies.com
2017-09-21 10:09AM UTC
Silver price continues to decline gradually to approach from our waited target at 16.56, to keep the bearish trend dominant for the rest of the day, supported by the negative pressure formed by the EMA50, being aware that we need to monitor the price behavior when reaching the targeted level, as breaking it will extend silver price losses to reach 15.49 as a next main target.
In general, we will continue to suggest the bearish trend for today unless breaching 17.43 level and holding above it.
Expected trading range for today is between 16.80 support and 17.30 resistance.
Expected trend for today: Bearish
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