Daily analysis of Silver for January 19, 2018

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Overview

Silver price continues to fluctuate around 17.00 level, while stochastic attempts to gather the positive momentum on the daily time frame. In general, the bullish trend scenario remains active in the short term as long as 16.55 level is intact. Let me remind you that our upward targets begin at 17.43 and extend to 18.30 after breaching the previous level. The expected trading range for today is between 16.85 support and 17.30 resistance.

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