FX.co ★ Daily analysis of Silver for May 21, 2018

Overview

Silver is trading lower around the EMA50. So, no change to the sideways scenario suggested in the recent reports. The price is confined between 16.15 support and 16.80 resistance, waiting to breach one of them to determine the next targets clearly. The details of the expected targets after the breach area explained in our previous reports. The expected trading range for today is between 16.20 support and 16.60 resistance.