empty
 
 
12.01.2018 05:24 PM
Daily analysis of Silver for January 12, 2018

This image is no longer relevant

Overview

Recent trades with silver are confined within a bullish flag pattern that appears on the chart. This means that breaching 17.15 will activate the positive effect of this pattern and push the price to continue the main bullish trend. Therefore, we believe that the chances are valid to rise even higher in the upcoming sessions. We are waiting until a breach of 17.43 confirms that the price is in the way towards 18.30 in the near term. Let me reminding you that it is important to hold above 16.55, so that the price hits our suggested targets. The expected trading range for today is between 16.95 support and 17.30 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