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28.04.201715:19 Forex Analysis & Reviews: Daily analysis of Silver for April 28, 2017

Long-term review

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Overview

The silver price tests the 17.43 level that was broken previously, as the price is affected by stochastic positivity. Meanwhile, the EMA50 forms negative pressure that keeps the bearish trend scenario active for today. Therefore, we are waiting for bearish rebound on the intraday basis, and the main target is represented by visiting 16.56 levels. A breach of 17.43 followed by 17.60 levels will push the price to return to the main bullish trend again. The expected trading range for today is between the 17.10 support and the 17.45 resistance.

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