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25.09.201718:07 Forex Analysis & Reviews: Daily analysis of Silver for September 25, 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.

Exchange Rates 25.09.2017 analysis

Overview

The silver price continues to fluctuate within a tight track with slight bearish bias, moving below the 17.00 barrier. This makes us keep our bearish overview on the intraday basis, targeting a test of 16.56 levels mainly. Therefore, we will be waiting for a deeper decline in the upcoming sessions supported by the EMA50. Keep in mind that holding below 17.43 represents the key condition to continue the suggested decline. The expected trading range for today is between the 16.70 support and the 17.00 resistance.

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