Daily analysis of Silver for March 30, 2018

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Overview

Silver price showed a clear break to 16.45 level and settled below it and continues trading sideways as appears on the above chart. This makes us suggest that we see 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. On the other hand, breaching the resistance will allow the price to regain the main bullish track with the next target located at 17.43. The expected trading range for today is between 16.20 support and 16.60 resistance.

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