Silver gains the positive momentum – Analysis - 14-02-2017

Silver price provides slight negative trading yesterday, but it remains stable above the intraday bullish channel’s support, noticing that stochastic managed to get rid of its negativity and gaining the positive momentum on the four hours time frame, forming positive motive that we wait to push the price to resume its bullish track in the upcoming sessions, and its targets begin at 18.30 and extend to 19.38 after breaching the previous level.

In general, the bullish trend will remain active unless breaking 17.43 level and holding below it, where breaking this level will push the price to test 16.56 levels before any new positive attempt.

Expected trading range for today is between 17.60 support and 18.30 resistance.

Expected trend for today: Bullish