Silver price hits the target – Analysis - 17-07-2019

Economies.com
2019-07-17 02:59AM UTC

Silver price succeeded to achieve our waited target at 15.62 and settles around it now, and it continues to move inside the bullish channel that appears on the chart, which supports the chances of continuing the bullish trend in the upcoming period, waiting to breach the mentioned level to confirm rallying towards 16.00 areas as a next station.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, noting that failing to breach 15.62 will push the price to test 15.23 areas again before any new attempt to rise.

 

The expected trading range for today is between 15.45 support and 15.80 resistance.

 

The expected trend for today: Bullish

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