Commodities

Silver price recovers – Analysis - 18-02-2019

2019-02-18 05:26:30 GMT (Economies.com)

Silver price breached 15.75 level and settled above it, to turn to rise on the intraday basis, targeting testing 61.8% Fibonacci correction level at 16.00 again.

 

Therefore, the bullish bias will be suggested for today, noting that breaching the targeted level will extend silver price gains to reach 16.50 as a next station, while breaking 15.62 will stop the bullish wave and press on the price to decline again.

 

The expected trading range for today is between 15.60 support and 16.00 resistance.

 

The expected trend for today: Bullish

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