Daily analysis of Silver for October 18, 2017

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Overview

Silver price is trading lower to move below the bearish trend line again. This might push the price to test the key support 16.56 before turning back to rise again. Stochastic keeps getting rid of its negative momentum to support the expectations of a further overall bullish trend, which is holding above 16.56. The targets are seen at 17.43 to reach 18.30. The expected trading range for today is between 16.95 support and 17.40 resistance.

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