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13.04.201817:30 Forex Analysis & Reviews: Daily analysis of Silver for April 13, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 13.04.2018 analysis

Overview

Silver traded with a negative bias yesterday after testing 16.80 level that represents resistance of the sideways channel that appears on the chart. Now the price is on the way for a potential test of support at 16.15 of this trading range. Therefore, silver is still trading sideways on the intraday basis, waiting to surpass one of the mentioned levels to detect the next targets clearly. Please note that the details of the expected targets after the breach are explained in our previous report. The expected trading range for today is between 16.20 support and 16.70 resistance.

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