Source: Forex Analysis
Silver price is still trading sideways, confined between 16.15 support and 16.80 resistance. Thus, no change is expected in our sideways outlook on the intraday basis until the price manages to breach one of the mentioned levels, followed by detecting the next destination clearly. The details of the expected targets after the breach are explained in our previous reports. The expected trading range for today is between 16.45 support and 16.90 resistance.
The material has been provided by InstaForex Company – www.instaforex.com