Daily analysis of Silver for March 12, 2018

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Overview

Silver price touched our first waited target at 16.65 and settles there, waiting to surpass this level to reinforce the expectations of continuing the bullish trend. Our next target is located at 17.43. Besides, the price keeps its stability above the bullish trend line that appears on the chart which keeps the bullish trend scenario active until now. We should note that continuation of the expected rise depends on the stability above 16.40. 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