The metal has a greater chance now to decline further after reversing from the key resistance level that has shifted today to 9.98. If trading remains below this level, this will confirm the bearish channel on he short term that will take silver to levels below 9.00 where targets are now at 8.05-8.10.

The trading range for today is among the key support at 8.10 and the key resistance at 10.20.

The general trend is to the downside as far as 14.70 remains intact with targets at 8.05 and 7.60.