FX.co ★ Daily analysis of Silver for February 07, 2017

Overview

The price provides slight negative trading approaching from the critical support base at 17.43, where the price is affected by stochastic negativity. At the same time the EMA50 continues to provide support for the price from below, which keeps the main bullish trend scenario active until now, targeting 18.30 level mainly. We remind you that breaking the 17.30 level will stop the expected rise and pushes the price to head towards 16.56 before any new attempt to rise. The expected trading range for today is between 17.43 support and 18.00 resistance.