FX.co ★ Daily analysis of Silver for March 27, 2017

Overview

Silver price trades with clear positivity now to approach from 18.00 barrier to keep the bullish trend valid efficiently in the upcoming period. We remind you that our initial main target is at 18.30 and breaching it represents the heading key to the bullish channel's resistance that organizes the current bullish wave at 18.85. Stochastic current negativity might cause some temporary sideways fluctuation before continuing the expected rise. Take into consideration that the continuation of the current bullish momentum depends on the stability above 17.43 and 17.05 levels. The expected trading range for today is between 17.60 support and 18.20 resistance.