Silver is still trading sideways within the downside wave where its major resistance is seen at 10.03 for today; continued trading below this level will resume the intraday downside wave supported by Stochastic that is overbought while trading steadily above 10.03 will resume the upside wave towards 10.54 which is very critical over the short term basis.

The trading range is among the key resistance level at 10.54 and the key support level at 9.41.

The general trend is to the downside as far as 14.70 remains intact, target set at 8.05 and 7.60.