Silver attempts positively – Analysis - 15-02-2017

Silver price tested 18.00 level and remains stable near it, to keep the trading organized within the bullish channel that appears in the image, which gets continuous support from the EMA50, waiting for more of the upside moves in the upcoming sessions.

Therefore, our bullish trend expectations will remain valid and active conditioned by holding above 17.43 level, reminding you that our main targets begin at 18.30 and extend to reach 19.38 on the near term basis.

Expected trading range for today is between 17.70 support and 18.30 resistance.

Expected trend for today: Bullish