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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Analysis of Silver for May 10, 2018


Recently, Silver has been trading upwards. As I expected, the price tested the level of $16.59 and met my yesterday's target. According to the H4 time - frame, I found the breakout of a potential bullish flag, which is a sign that buyers are in control. I also found a potential end of bearish correction (ABC), which is a sign that Silver may trade higher. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $16.79 and at the price of $17.10.

Resistance levels:

R1: $16.62

R2: $16.75

R3: $16.89

Support levels:

S1: 16.34

S2: 16.21

S3: 16.07

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -