Silver price tests the key support – Analysis - 30-10-2019
Economies.com
2019-10-30 05:52AM UTC
Silver price tested 17.60 support level and bounced higher from there, keeping the bullish trend scenario valid and active until now, organized within the intraday bullish channel that appears in the image, waiting for visiting 18.40 level as an initial target.
We should be aware that breaking 17.60 then 17.40 levels will stop the expected rise and pushes the price to return to the bearish correctional track again.
The expected trading range for today is between 17.60 support and 18.00 resistance.
The expected trend for today: Bullish
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