Overview

The silver price hovers around the EMA50 that meets the 13.96 level now. The price is still inside the sideways range shown on the chart, waiting to breach one of its lines represented by the 13.65 support and 14.25 resistance in order to detect the next track clearly. We remind you that a break of the mentioned support will push the price to visit the 13.00 level as the next main station, while breaching the resistance represents the key of starting bullish correction with targets beginning at 14.67 and extending to 15.30. The silver price shows more fluctuations around the 13.96 level, while stochastic moves at neutral areas now to keep the price within the sideways range 13.65 support to 14.25 resistance. Breaching one of these levels is required to detect the next track clearly. Breaching the 14.25 level will lead the price to start bullish correction that targets 14.67 followed by 15.30 levels mainly, while breaking the 13.65 support will push trading towards 13.00 initially. The expected trading range for today is between 13.65 support and 14.25 resistance.