Daily analysis of Silver for August 03, 2017

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Overview

Silver price moves below 16.56 level now, which requires being aware of the upcoming trading, where holding with a daily close below this level will stop the suggested positive scenario in our last reports and pushes the price to turn to the downside. Until now, the bullish trend remains preferred conditioned by stepping above 16.56 again, reminding you that our next main target at 17.43 The expected trading range for today is between 16.45 support and 16.75 resistance.

The material has been provided by InstaForex Company - www.instaforex.com