FX.co ★ Daily analysis of Silver for May 24, 2018

Overview

Silver price is trading within the sideways range. Its lines are represented by 16.15 support and 16.80 resistance. Therefore, there is no change in the sideways scenario on the intraday basis until the price exits the mentioned range. Let me remind you that breaking support will push the price to target 15.49 level directly, while breaching resistance will make the price visit 17.43 level initially. The expected trading range for today is between 16.30 support and 16.70 resistance.