19.04.201617:25 Forex Analysis & Reviews: Daily analysis of Silver for April 19, 2016

Long-term review

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Overview

Silver price succeeded in breaching the 16.35 level to confirm continuation of the expected bullish trend on the intraday and short-term basis. This opens the way towards 17.08 that represents the next main target for the current bullish wave. Therefore, the positive trading will remain dominant in the upcoming period. It points that holding above the support level formed above 16.35 is considered to be an important condition for continuation of the bullish momentum for today.

The expected trading range for today is between the 15.90 support and the 17.10 resistance.

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