FX.co ★ Daily analysis of Silver for May 22, 2018

Overview

Silver price is crawling upwards calmly to nearly 16.56. The price is still trapped inside the sideways range. Its lines are represented by 16.15 support and 16.80 resistance. The price is waiting to surpass one of these levels to determine the next trend clearly. We remind you that breaching 16.80 resistance will push the price to start recovery attempts with the the target at 17.43 level initially. On the other hand, breaking 16.15 will push the price to head towards 15.49 directly. The expected trading range for today is between 16.30 support and 16.70 resistance.