Daily analysis of Silver for March 05, 2018

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Overview

Silver is now trading sideways after keeping its stability above the bullish trend line that appears on the chart. This supports the scenario of a further bullish trend on the intraday and short-term basis. This reveals a positive signal through stochastic, waiting to target 17.43 that represents our next main station. We should note that breaking 16.35 will stop the expected rise and push the price to test 15.49 areas before any new attempt to rise. The expected trading range for today is between 16.40 support and 16.80 resistance.

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