The sideways technical pattern failed to support the upside for silver after the major support level was breached and now it resumed retesting 9.07-15 the major support which the upside wave depends on, trading above those levels resumes the upside while a breakthrough will set further decline towards 8.95 and might extend towards 8.85 at least.

The trading range is among the key resistance level at 10.46 and the key support level at 8.65.

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

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