FX.co ★ Daily analysis of silver for October 24, 2017

Overview

Silver price has not been showing any strong moves recently and is still fluctuating around the key support at 17.43, keeping its stability above it. Thus, the bullish trend scenario is still valid. The price needs to breach 17.80 level to reinforce the chances of heading towards 18.30 followed by 19.38 area. We remind you that breaking 17.43 level will push the price to visit 16.56 areas before any new attempt to rise. The expected trading range for today is between 17.20 support and 17.80 resistance.