Market Overview

Technical Forecast for Silver

Technical Forecast for Silver


Silver beat 23.32/36 to reach 24.10. Despite being overbought today’s outlook remains positive after the breakout & we could target 24.79/80 where we will look for an end to the rally at this stage. Here we can exit longs & try shorts with stops above 25.00.


Look for short term support at 23.66 on any weakness & below here at 23.40. However stops on longs needed below 23.18 as below here we could test strong support at 22.97/93 for a buying opportunity.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Commodities Markets Trading Ideas


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