Overview
Silver price bounced bearishly after failing to confirm breaching 17.80 level yesterday, to approach from testing the key support base 17.43, accompanied by stochastic reach to the oversold areas, which supports the chances of turning back to rise, waiting to head towards 18.30 as a first main target. Therefore, our bullish overview still valid and active as long as 17.43 level remains intact, reminding you that breaching the targeted level will extend silver price gains to reach 19.38 direct, while breaking 17.43 level represents negative factor that will push the price to visit the most important correctional level at 16.56 before any new attempt to rise. The expected trading range for today is between 17.43 support and 18.95 resistance.
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