Daily analysis of Silver for May 19, 2017

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Overview

The silver price trades upwards and begins testing 16.80 levels. Stochastic provides a positive signal that supports the chances for the continuation of the bullish trend in the upcoming sessions, thus keeping the positive scenario active for the rest of the day. Our next main target is at 17.43, while its achievement is conditioned by holding above 16.56 levels. The expected trading range for today is between the 16.50 support and the 17.00 resistance.

The material has been provided by InstaForex Company – www.instaforex.com