Daily analysis of Silver for March 09, 2018 09.03.2018



Exchange Rates 09.03.2018 analysis


The silver price continues to fluctuate at the bullish trend line that rises now to 16.40. Holding above this level keeps the bullish trend scenario valid on the intraday and short-term basis, while the break of this level will push the price to the 15.49 areas directly. Therefore, we still expect the bullish trend conditioned by the price stability above 16.40, noting that a breach of 16.65 will ease the mission of heading towards 17.43 that represents our next main target. The expected trading range for today is between the 16.20 support and the 16.75 resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Hossam Soliman Ali,
Analytical expert
InstaForex Group © 2007-2018

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

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.


Source link

Facebook Comments