The Silver price showed clear break to 16.45 level and settled below it, to continue moving within the sideways track as appears on the above chart, which makes us suggest witnessing more sideways trading until the price manages to surpass one of this range’s lines represented by 16.15 support and 16.80 resistance. Note that breaking the mentioned support will push the price to visit 15.49 level mainly while breaching the resistance will allow the price to regain the main bullish track that its next target located at 17.43. The expected trading range for today is between 16.20 support and 16.60 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
The Silver price showed clear break to 16.45 level and settled below it, to continue moving within the sideways track as appears on the above chart, which makes us suggest witnessing more sideways trading until the price manages to surpass one of this range’s lines represented by 16.15 support and 16.80 resistance. Note that breaking the mentioned support will push the price to visit 15.49 level mainly while breaching the resistance will allow the price to regain the main bullish track that its next target located at 17.43. The expected trading range for today is between 16.20 support and 16.60 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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