Daily analysis of Silver for July 17, 2017

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Overview

Silver price bounced bullishly after 15.65 and has been trying to hold against the recent dip moves. Now the price is heading towards our first target at 16.56. The price is supported by the rise that appears on stochastic. Therefore, our positive overview will remain valid and active in the upcoming sessions conditioned by the price stability above 15.49 level. Let me remind you that breaching the targeted level will extend silver price gains to reach 17.43 as the next main station. The expected trading range for today is between 15.80 support and 16.30 resistance.

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

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