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Technical Forecast for Silver

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Technical Forecast for Silver

 


Silver hit the target of 21.20/19 & this has marked the low so far. However today’s outlook remains negative so a break lower looks likely & should target 20.98 but we cannot rule out a test of May lows at 20.34 before we meet buyers.


 


Resistance at 21.47/53 should hold the topside today but shorts any need stops above 21.59 as we could then reach for 21.80/82 & a selling opportunity here.

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Posted-In: Technicals Commodities Markets Trading Ideas

 

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