FX.co ★ Daily analysis of silver for March 17, 2017

Overview

Silver is trading upwards after leaning on the EMA50, waiting to breach above the 17.43 level and head towards our next target at 18.30. Therefore, the bullish trend scenario will remain valid and active on the intraday and short-term basis unless breaking 16.85 followed by 16.56 levels and holding below them. The expected trading range for today is between 17.10 support and 17.70 resistance.