Silver tests the support – Analysis - 22-06-2018

Silver price tested the sideways range’s support line at 16.15 and shows bullish rebound signals now, which hints the price head to test this range’s resistance at 16.80 in the upcoming sessions, motivated by stochastic positivity.

In general, the sideways track still dominant on the intraday basis until the price manages to breach one of the above mentioned levels, reminding you that breaking 16.15 support will push the price to visit 15.49 level direct, while breaching 16.80 resistance will lead the price to achieve gains that start at 17.43.

Expected trading range for today is between 16.05 support and 16.50 resistance.

Expected trend for today: Sideways