Daily analysis of Silver for April 10, 2018

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Overview

According to the chart, Silver price shows more sideways trading and the price is still confined between the 16.15 support and the 16.80 resistance, while the contradiction continues to appear between stochastic positivity and the EMA50 negativity. Therefore, the sideways range will remain dominant until the price manages to breach one of the above mentioned levels, noting that the details of the expected targets after the breach are explained in our previous reports. The expected trading range for today is between the 16.30 support and the 16.60 resistance.

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