Daily analysis of Silver for February 02, 2018



Silver price is trading sideways in a tight range, settling below 17.43. Let me remind you that holding below this level will keep our bearish outlook valid. We are waiting until the 17.05 level is broken to reinforce the chances of heading towards our main target at 16.56. Therefore, we still suggest the bearish trend in the short term unless the 17.43 level is breached and holds above it. The expected trading range for today is between 16.95 support and 17.43 resistance.

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