Silver awaits the positive motive – Analysis - 18-09-2017

Silver price fluctuates at the intraday bullish channel's support that appears on chart, keeping its stability above the most important support at 17.43, getting continuous positive support by the EMA50, while stochastic shows clear oversold signals.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, which its targets begin at 18.30 and extend to 19.38, noting that breaking 17.43 will push the price to test 16.56 areas before any new attempt to rise.

Expected trading range for today is between 17.43 support and 17.90 resistance.

Expected trend for today: Bullish