Daily analysis of Silver for April 04, 2018

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Overview

The Silver price continues to move inside the sideways range that appears on the chart which keeps the sideways trading valid on the intraday basis, noting that the contradiction between stochastic positivity and the EMA50 negativity supports the chances of continuing the sideways fluctuation. The lines of the mentioned range are represented by 16.15 support and 16.80 resistance, reminding you that breaking the mentioned support will push the price to visit 15.49 level mainly while breaching the resistance will lead the price to resume its main bullish track that its main targets begin 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