Daily analysis of Silver for May 04, 2018

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Overview

Silver price fluctuates around the EMA50, and the price gets positive signals through stochastic that might push to achieve more intraday gains. Until now, the sideways range still dominant on the intraday basis, as the price fluctuates between 16.15 support and 16.80 resistance, waiting to succeed to surpass one of these levels to detect the next targets on the short-term basis. The expected trading range for today is between 16.20 support and 16.65 resistance.

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