FX.co ★ Daily analysis of silver for May 6, 2016

Overview

Silver price hasn't shown any strong move since morning, fluctuating near 17.30. Therefore, there is no change on our bullish trend expectations that depend on the stability above 16.99 level. The targets lie at 17.60, 18.00, and 18.60 levels . Accordingly, we will keep our bullish overview on the intraday and short term basis as long as the price is above 16.99, reminding you that our next main target is located at 18.60.

The expected trading range for today is between 17.00 support and 18.00 resistance.