Fundamental Reports

Silver is trading sideways in a symmetric triangular model which is a continuous pattern that usually support the upside and for that we expect the pattern to take the silver to the 23.6% correction at 11.05-09; over intraday basis the sideways volatility might be seen biased to the downside with low volume and negativity on Stochastic index.

The trading range is among the key resistance level at 11.09 and the key support level at 9.15.

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