FX.co ★ Daily analysis of silver for October 19, 2017

Overview

Positive attempts of the silver stopped around 17.70 yesterday as the price lost its positive momentum on the intraday time frames. In connection with that the price fluctuates within sideways and tight track, waiting to get enough positive momentum to continue the main bullish trend. In general, we will keep our bullish overview valid as long as the price is above 17.43 level. Additionally, breaching 17.80 level will ease the mission of achieving our positive targets that start at 18.30 and extend to 19.38. The expected trading range for today is between 17.40 support and 17.90 resistance.