06.09.201717:42 Forex Analysis & Reviews: Daily analysis of Silver for September 06, 2017

Long-term review

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Overview

The silver price shows sideways and tight-range trading since yesterday settling around 17.90, which means the price needs to get enough positive momentum to continue the main bullish trend. Stochastic generates overbought signals now that might lead to more sideways fluctuations. In general, we still forecast the bullish trend for the upcoming period unless breaking and holding 17.43 below levels. Our awaited positive targets begin at 18.30 and extend to 19.38. The expected trading range for today is between the 17.70 support and the 18.10 resistance.

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