Overview
Silver price breached 16.56 level after closing the daily candlestick above it. This confirms the bullish trend on the intraday and short term basis. The upward target is set towards 17.43 as a next main station. Therefore, the bullish trend is expected in the upcoming sessions that is supported by moving above the EMA50. Please taking into account that a further expected rise depends on holding above 16.56 and 16.45 levels. The expected trading range for today is between 16.56 support and 16.90 resistance.
The material has been provided by InstaForex Company - www.instaforex.com
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