26.05.201715:55 Daily analysis of Silver for May 26, 2017

Long-term review

Exchange Rates 26.05.2017 analysis

Overview

The silver price calmly edges higher approaching our initial target at 17.43, motivated by Stochastic positivity shown on the four-hour time frame. A breach of this level will extend silver gains to 18.30 levels on the near-term basis. Therefore, the bullish trend will remain valid and active for today unless breaking and holding below 16.56 levels. The expected trading range for today is between the 17.00 support and the 17.50 resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by InstaForex Analyst,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

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