Silver settles above the support base – Analysis - 23-03-2017

Silver price trading settles above 17.43 level that forms an important support base for the intraday trading, and the price remain organized within the bullish channel that appears in the image, waiting for resuming the bullish wave according to the trading rules within the price channels, and the main targets begin at 18.30 and extend to 18.80.

In general, we will keep the bullish bias preferred unless witnessing clear break and stability below 16.95 and 16.56 levels, pointing that breaking these levels will push the price to head to 15.49 before any new positive attempt.

Expected trading range for today is between 17.35 support and 17.80 resistance.

Expected trend for today: Bullish