empty
 
 
16.01.2018 04:44 PM
Daily analysis of silver for January 16, 2018

This image is no longer relevant

Overview

Silver price settles near the key resistance at 17.43, and we are still waiting to breach this level to confirm extending the bullish wave towards our next target at 18.30, reinforced by the positive signal that appears on stochastic. In general, we suggest continuation of the bullish trend domination in the upcoming period unless breaking 16.55 level and holding below it. The expected trading range for today is between 17.20 support and 17.50 resistance.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback