Daily analysis of Silver for April 19, 2018

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Overview

The silver price rallied upwards strongly yesterday, breaching and settling above 16.80 levels. It ended the sideways trading that started in early February. The way towards positive targets that start at 17.43 is open now. Therefore, the bullish trend is expected in the upcoming sessions conditioned by the price stability above 16.80 and 16.56. A breach of the targeted level will extend silver price gains to 18.30 as the next main station. The expected trading range for today is between the 17.00 support and the 17.43 resistance.

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