Daily analysis of Silver for March 08, 2018

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Overview

Silver price has settled near the bullish trend line that is displayed on the above chart. As long as the price is holding above 16.35, the bullish trend scenario remains active for today, as breaking this level will push the price to visit 15.49 areas before any new attempt to rise. On the other hand, the next main target of the expected bullish wave is located at 17.43. The expected trading range for today is between 16.35 support and 16.90 resistance.

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