Overview
Silver price ended yesterday's trading below 16.56, which brings the price back to the sideways range, the signs of which appear on the chart, where its lines represented by the 16.15 support and the 16.80 resistance. Therefore, we believe that the sideways track will dominate the intraday trading until the price manages to breach one of the above mentioned levels. The expected trading range for today is between the 16.15 support and the 16.80 resistance.
The material has been provided by InstaForex Company - www.instaforex.com