24.04.201717:24 Forex Analysis & Reviews: Daily analysis of Silver for April 24, 2017

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.

Overview

Silver is trading with a slight bearish bias in an attempt to head for our downward target at 17.43. This keeps our bearish scenario valid for the short term. Let me remind you that we are waiting for a bullish rebound after hitting the mentioned level to resume the bullish trend in the short run. The upward targets are seen at 18.30 extending to 19.38. You should be aware that breaking 17.43 will push the price down to approach 16.56 before any new attempt to rise. The expected trading range for today is between 17.60 support and 18.00 resistance.

Back to the list

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.