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Silver declines calmly – Analysis - 19-10-2017
Silver price shows slight bearish bias to move below 17.00 barrier now, but we notice that stochastic reaches the oversold areas now, to provide positive signal that support the chances of bouncing bullishly to resume the main bullish trend, to continuing suggesting the general bullish bias for the upcoming period.
The expected targets of the bullish wave begin by breaching 17.43 to open the way to head towards 18.30, taking into consideration that breaking 16.56 will stop the expected rise and push the price to decline towards 15.49 before any new attempt to rise.
Expected trading range for today is between 16.80 support and 17.10 resistance.
Expected trend for today: Bullish
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