Silver attempts to breach – Analysis - 08-06-2018

Economies.com
2018-06-08 00:51AM UTC

Silver price attempted to breach 16.80 level but it returns to hold below it, which keeps the price within the sideways range that its lines represented by the mentioned resistance and 16.15 support, to continue dominating the intraday trading.

 

We remind you that exiting the sideways range will push the price towards 17.43 in case confirming breaching the above mentioned resistance, while breaking the support will put the price under negative pressure that targets 15.49 mainly.

 

Expected trading range for today is between 16.45 support and 16.90 resistance.

 

Expected trend for today: Sideways

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