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Technical Forecast for Silver

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Technical Forecast for Silver

 


Silver made it to 20.27/32 as hoped with a high for the day expected & we topped at 20.24. We are now testing support at 19.65/60 but below here a retest of last week’s low at 19.40 is likely. Watch for a second bounce but a break lower cannot be ruled out and could target 19.24. Below here risks 18.84.


 


Resistance at 19.97 then 20.27/32 where we should struggle once again. A high for the day likely again on a retest but a push higher could reach as far as 20.60 with 20.80/90 offering a selling opportunity.

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Posted-In: Technicals Markets Trading Ideas

 

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