Silver approaches the target – Analysis - 20-04-2018

Silver price apoprached our first positive target at 17.43, showing sideways trading now affected by stochastic loss to the positive momentum, but the EMA50 keeps supporting the price from below, which keeps the chances valid to continue the rise in the upcoming period.

Therefore, we will continue to suggest the bullish trend unless breaking 16.56 level and holding below it, noting that breaching 17.43 will extend silver price gains to reach 18.30 as a next station.

Expected trading range for today is between 17.00 support and 17.43 resistance.

Expected trend for today: Bullish