Silver keeps fluctuating – Analysis - 09-04-2018

Silver price continues to fluctuate inside the sideways range that appears on the above chart, thus, no change to our expectations of continuing the sideways move on the intraday basis, waiting to exit the mentioned range to detect the next targets clearly.

Note that breaching this range’s resistance at 16.80 will lead the price to achieve positive targets that start at 17.43, while breaking 16.15 support will push the price to decline towards 15.49 that represents 76.4% Fibonacci correction level for the rise measured from 13.75 to 21.12.

Expected trading range for today is between 16.20 support and 16.60 resistance.

Expected trend for today: Sideways