Daily analysis of Silver for May 08, 2018

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Overview

Silver price did not show any strong move in the previous sessions. The price is still fluctuating around 16.56 level. Thus, the sideways scenario remains valid until the price manages to breach any of its borders, represented by 16.15 support and 16.80 resistance. Please note that the details of the expected targets after breaching the borders are explained in our previous report. The expected trading range for today is between 16.30 support and 16.70 resistance.

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