Daily analysis of silver for January 16, 2018



Silver price settles near the key resistance at 17.43, and we are still waiting to breach this level to confirm extending the bullish wave towards our next target at 18.30, reinforced by the positive signal that appears on stochastic. In general, we suggest continuation of the bullish trend domination in the upcoming period unless breaking 16.55 level and holding below it. The expected trading range for today is between 17.20 support and 17.50 resistance.

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