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28.07.201715:09 Forex Analysis & Reviews: Daily analysis of Silver for July 28, 2017

Long-term review

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Overview

Silver price fluctuates around the support base formed above 16.56 level after breaching it previously and keeps its stability above it until now, which keeps the bullish trend scenario valid until now, waiting to head towards 17.43 that represents the next main target. Therefore, we will continue to suggest the bullish trend for today unless breaking 16.56 level and holding below it, reminding you that breaking this level will push the price to test 15.49 areas again. The expected trading range for today is between 16.45 support and 16.80 resistance.

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