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Daily analysis of Silver for February 21, 2017

SILVERH4.png

Overview

The price pushes negatively on the critical support at 17.90 to move below it now, which provides signals for potential test to the critical support at 17.43 before it returns to resume the main bullish trend. Now, monitoring the upcoming trading is important especially the stability of the price according to 17.90 level, where the price needs to step above it again to reinforce the chances for regaining the bullish track that its main targets begin at 18.30. The expected trading range for today is between 17.80 support and 18.30 resistance.

The material has been provided by InstaForex Company - www.instaforex.com