Technical Forecast for Silver

Silver retested 20.16 & broke lower. This level is now acting as resistance & if we hold below here we should eventually test good support at 19.88/78 for a short term buying opportunity with stops below 19.65.

 

Above 20.20 is more positive & could see a move towards 20.35/45. If we continue higher look for a retest of 20.50/60 highs with strong Fibonacci resistance just above at 20.75/85 for a selling opportunity.