The silver price has not shown any strong moves for days as it continues fluctuating around 20.25 levels and keeping its positions above the 20.00 barrier. The positive effect of the previously completed inverted Head and Shoulders’ pattern still valid and active, waiting to get enough positive momentum to make the price resume the bullish trend on the short-term basis. Our next targets are located at 22.00 followed by 22.40; their achievement is conditioned by holding above 19.35.
The expected trading range for today is between the 19.80 support and the 21.40 resistance.
The material has been provided by InstaForex Company – www.instaforex.com