FX.co ★ Daily analysis of Silver for June 05, 2018

Overview

Silver price did not show any strong move in the previous sessions. The price is still fluctuating around the EMA50 that keeps our outlook for the sideways trade valid. The price is confined between 16.15 support and 16.80 resistance and it needs to breach one of these levels to determine its next destination clearly. The expected trading range for today is between 16.20 support and 16.60 resistance.