No news for Silver – Analysis - 06-04-2018

Silver price tested 16.15 level yesterday and rebounds bullishly from there, to keep the price confined inside the sideways range that its lines represented by the mentioned support and 16.80 resistance, which keeps the sideways trading scenario valid on the intraday basis until the price confirms breaching one of the mentioned levels.

We remind you that breaching the mentioned resistance will push the price to achieve gains that start at 17.43 mainly, while breaking the support will put the price under negative pressure that targets testing 15.49 level before any new attempt to rise.

Expected trading range for today is between 16.15 support and 16.70 resistance.

Expected trend for today: Sideways