Midday update for Silver 22-05-2017
Economies.com
2017-05-22 10:16AM UTC
Silver price keeps its stability above 16.80 level, while stochastic gets ready to provide positive overlapping signal on the four hours’ time frame, which keeps the bullish trend scenario active for the rest of the day, targeting testing 17.43 level mainly.
Reminding you that the continuation of the expected rise depends on the stability above 16.56 level, where breaking this level will push the price to visit 15.49 levels before any new attempt to rise.
Expected trading range for today is between 16.60 support and 17.10 resistance.
Expected trend for today: Bullish
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