The volatile sideways trend has yet to come to an end where silver is still trading below the 11.91 level which is the key resistance for the ascending channel at 10.65 which is the 38.2% correction as seen in the image above. We are still within a downside trend as far as 11.55 remains intact where trading should remain below this level. On the other hand, as seen in the image, we see the overall direction is to the upside yet within wide ranges adding to our expectations of a decline.
The trading range for today is among the key support at 10.15 and the key resistance at 11.91
The general trend is to the downside as far as 14.70 remains intact with targets at 8.05 and 7.60