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27.02.201717:43 Forex Analysis & Reviews: Daily analysis of Silver for February 27, 2017

Long-term review

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Overview

Silver succeeded to breach 18.30 level and is holding above it. It supports the continuation of the bullish trend scenario efficiently in the upcoming period. It opens the way towards targeting 19.38 level as a next main station. Therefore, the bullish trend will remain valid on the intraday and short-term basis, supported by the EMA50. Be aware that trading above 18.10 represents an important condition for the continuation of the suggested bullish wave. The expected trading range for today is between 18.10 support and 18.80 resistance.

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