Daily analysis of Silver for April 03, 2018

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Overview

The Silver price continues to move inside the sideways range that its lines represented by 16.15 support and 16.80 resistance, and the price is affected by stochastic positivity to show some rise now, while the EMA50 forms an obstacle against the price attempts to rise. In general, the sideways range will remain dominant on the intraday trading until the price manages to breach one of the above-mentioned levels, reminding you that breaching 16.80 will push the price to achieve gains that start at 17.43 mainly, while breaking 16.15 support will force the price to visit 15.49 before any new attempt to recover. The expected trading range for today is between 16.40 support and 16.70 resistance.

The material has been provided by InstaForex Company - www.instaforex.com