Daily analysis of silver for December 27, 2017

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Overview

Silver price shows positive trades now to start the attempts to breach 16.56 level, which urges caution from the upcoming trading. Holding above this level will push the price to achieve more gains and head towards 17.43 as a next main station, while trading below it will reactivate the negative scenario that its next target located at 15.49. Therefore, we prefer staying aside in order to monitor the daily candlestick close according to 16.56. The expected trading range for today is between 16.30 support and 16.70 resistance.

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