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Daily analysis of Silver for January 09, 2018

Posted On 09 Jan 2018
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SILVERH4.png

Overview

The silver price did not show any strong moves on previous days, still fluctuating around 17.20 levels, waiting to get rid of the negative momentum and gain enough ground to resume the bullish bias on the intraday and short-term basis. In general, we still expect the bullish trend in the upcoming period conditioned by holding above 16.55. A breach of 17.43 is required to push the price towards our next target at 18.30. The expected trading range for today is between the 17.00 support and the 17.42 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Daily analysis of Silver for January 09, 2018

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