07.10.201611:43 Forex Analysis & Reviews: Daily analysis of Silver for October 07, 2017

Long-term review

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Overview

The silver price broke the $17.43 level strongly and closed yesterday's trading below it, which puts the price under more negative pressure, targeting $46.56 areas as the next main station. Therefore, the bearish trend will remain dominant in the upcoming trading supported by the EMA50. A breach of $17.43 levels will stop the current negative pressure and make the price attempt to recover; its main targets begin at $18.30 and extend to $19.38. The expected trading range for today is between the $16.90 support and $17.65 resistance.

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