FX.co ★ Daily analysis of Silver for June 08, 2018

Overview

Silver price attempted to breach 16.80 level but it returns to hold below it. Silver is trading in the sideways range. Its lines are represented by the mentioned resistance and 16.15 support. We remind you that exiting the sideways range will push the price towards 17.43 in case a breac of the above mentioned resistance is confirmed. On the other hand, breaking the support will put the price under negative pressure that targets 15.49 mainly. The expected trading range for today is between 16.45 support and 16.90 resistance.