Technical Forecast for Silver

Silver getting close to a retest of last week’s low at 19.40. 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 could hold the topside but above here look for 20.27/32 where we should struggle once again. However a push higher could reach as far as 20.60 with 20.80/90 offering a selling opportunity this week.