Daily analysis of Silver for October 27, 2017

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Overview

Silver price returns to decline calmly and approach from the key support 16.56, and as we mentioned in our recent reports, holding above this level is important to continue the overall positive scenario, as breaking it will push the price to visit 15.49 areas before any new attempt to rise. Stochastic shows clear oversold signals to support the rise expectations, which target 17.43 followed by 18.30 after breaching the previous level. The expected trading range for today is between 16.56 support and 17.00 resistance.

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