Silver returns to the sideways range – Analysis - 18-06-2018

Economies.com
2018-06-18 05:07AM UTC

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Silver price traded with strong negativity on last Friday to break 16.80 level and settles below it again, which pushes the price back to trade inside the sideways range that appears on the chart, which its lines represented by 16.15 support and 16.80 resistance.

 

Therefore, the sideways bias will be suggested in the upcoming sessions until the price manages to surpass one of the above mentioned levels to detect its next targets clearly.

 

Expected trading range for today is between 16.25 support and 16.80 resistance.

 

Expected trend for today: Sideways

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