FX.co ★ Daily analysis of Silver for May 28, 2018

Overview

Silver price continues to fluctuate around the EMA50, and the sideways range is still dominating the intraday trading. Thus, no change to the sideways move scenario on the intraday basis until the price exits the mentioned range. Its lines are represented by 16.15 support and 16.80 resistance. We remind you that breaching the mentioned resistance will push the price towards 17.43 as a first positive target, while breaking the support will push the price to visit 15.49 level before any new attempt to regain the main bullish trend. The expected trading range for today is between 16.30 support and 16.65 resistance.