Silver price begins to test the key resistance 16.56. As we mentioned in our recent reports, breaching this level is required to confirm extending the bullish wave towards 17.43. Please note that stochastic is generating a positive signal now to provide momentum that we are waiting for. So, the price has gained fresh impetus to breach the mentioned level. Therefore, we keep our bullish overview for the upcoming sessions on condition that the price is holding above 16.10. The expected trading range for today is between 16.40 support and 16.80 resistance.
The material has been provided by InstaForex Company – www.instaforex.com