Silver approaches the support – Analysis - 05-04-2018

Silver price shows bearish bias to approach 16.15 level, which represents the sideways range support line that dominates the recent trades, thus, the range will remain dominant on the intraday trades until the price manages to break the mentioned support or breach 16.80 resistance.

Note that breaking 16.15 support will push the price to test 15.49 level direct, while breaching 16.80 will allow the price to achieve gains that start at 17.43 and extend to 18.30 after breaching the previous level.

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

Expected trend for today: Sideways