FX.co ★ Daily analysis of Silver for May 11, 2018

Overview

The Silver price provided negative trading yesterday to approach the sideways range resistance at 16.80, and the price still confined inside this range that its support line located at 16.15, noting that stochastic negativity might push the price to test the mentioned support in the upcoming sessions. In general, the sideways range will remain dominant on the intraday trading until the price manages to breach one of the above-mentioned levels, noting that the details of the expected targets after the breach are explained in our last report. The expected trading range for today is between 16.45 support and 16.90 resistance.