Daily analysis of Silver for April 25, 2018

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Overview

Silver price keeps its stability above the 16.56 level, noticing that stochastic gets rid of its negative momentum clearly to reach the oversold areas, which forms a positive factor that we are waiting to assist to push the price higher in the upcoming sessions, waiting to visit the 17.43 level. Therefore, we are waiting for positive trading today, conditioned by the price stability above 16.56, reminding you that breaching 17.43 will push the price towards 18.30 as a next main station. The expected trading range for today is between the 16.50 support and the 17.00 resistance.

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