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19.01.201817:59 Forex Analysis & Reviews: Daily analysis of Silver for January 19, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 19.01.2018 analysis

Overview

Silver price continues to fluctuate around 17.00 level, while stochastic attempts to gather the positive momentum on the daily time frame. In general, the bullish trend scenario remains active in the short term as long as 16.55 level is intact. Let me remind you that our upward targets begin at 17.43 and extend to 18.30 after breaching the previous level. The expected trading range for today is between 16.85 support and 17.30 resistance.

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