Daily analysis of Silver for April 23, 2018

analytics5addd7a4af882.png

Overview

Silver is still trading quietly with a downward bias on its way to test 16.56 level. As long as the price is holding above this level, our bullish overview remains valid, supported by the EMA50. Please note that breaching 17.43 is required to push the price towards 18.30 that represents our next main target. The expected trading range for today is between 16.80 support and 17.43 resistance.

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