Silver succeeds to breach – Analysis - 22-03-2017

Silver price managed to breach 17.43 level and holding above it, to get support base that reinforces the chances for the continuation of the bullish trend on the intraday and short term basis, according to the trading rules within the price channels, so the last bullish rebound from the bullish channel’s support that appears in the price in its way to visit levels that extend to reach 18.80.

Therefore, so our bullish trend expectations will remain valid and active in the upcoming sessions, supported by the EMA50, taking into consideration that the continuation of the suggested rise depends on the stability above 16.90 and 16.56 levels.

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

Expected trend for today: Bullish