Silver reaches the support – Analysis - 20-06-2018

Silver price traded negatively on yesterday’s evening to approach the sideways range’s support line that appears on the chart, located at 16.15, noticing that stochastic shows oversold signals now, to support the chances of bouncing bullishly and visit the mentioned range’s resistance line at 16.80.

Until now, the sideways bias still suggested on the intraday basis until the price manages to breach one of the above mentioned levels, reminding you that breaking 16.15 support will push the price to visit 15.49 direct, while breaching 16.80 resistance will motivate the price to achieve gains that start at 17.43 and extend to 18.30.

Expected trading range for today is between 16.10 support and 16.50 resistance.

Expected trend for today: Sideways