Silver attempts positively – Analysis - 22-02-2018

Silver price provided clear positive trading yesterday to approach the key resistance 16.80, but it bounced bearishly to settle near the bullish trend line again, noticing that stochastic keeps gaining the positive momentum to reach the oversold areas now.

Therefore, our bullish overview will remain active for the upcoming period, reminding you that breaching 16.80 is required to reinforce the expectations of heading towards our first main target at 17.43, while holding above 16.20 represents key condition to continue the suggested rise.

Expected trading range for today is between 16.20 support and 16.70 resistance.

Expected trend for today: Overall Bullish