FX.co ★ Analysis of Silver for April 17, 2017

Recently, the Silver has been trading upwards. The price tested the level of 18.75. According to the 4H time frame I found that price is trading in the well defined upward channel. The median trend line is critical. The key support is set at the price of 18.48. Watch for potential buying opportunities. The first upward target is set at the price of 18.75.

Resistance levels:

R1: 18.60

R2: 18.62

R3: 18.65

Support levels:

S1: 18.55

S2: 18.53

S3: 18.50

Trading recommendations for today: watch for potential buying opportunities.