Silver inside the sideways range 13/05/2013

Silver price is hovering around the EMA50, and remains fluctuating inside the sideways range between 23.25 and 24.60, which makes us remain in preferring the continuation of the sideways trading on the intraday basis, until surpassing one of the mentioned levels.

Stochastic provides positive signals that might protect the sideways range’s support in attempt to visit 24.60 initially.

Expected trading range for today is between: 22.60 support and 24.85 resistance.

Expected trend for today: Sideways