Daily analysis of silver for February 08, 2018

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Overview

Silver price keeps trading in the negative zone, moving away from 16.56 level. It supports continuation of our bearish overview. Our long-awaited target is located at 15.49, while holding below 16.56 represents the most important condition to continue the suggested decline. The expected trading range for today is between 16.00 support and 16.50 resistance.

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