Fundamentals

As we see in most of the metals, we still need to witness further correctional movement before heading back to the upside in the short-term. If prices failed to maintain the strength to remain above 18.30, this will result in a drop to 17.00 whereas a building a solid base above the mentioned level will give silver the opportunity to extend the upside wave to target levels beyond 19.00

The trading range is seen among 16.80 support levels and 18.65 resistance levels.

The general trend is to the upside as far as 14.50 remains intact with target at 20.90