Trading remains to the downside despite several attempts to breach the pivot point at 10.45 to reach the downside targets of the descending channel at 9.85. We expect silver to continue declining supported by momentum indicators being overbought on the four hour charts.

The trading range for today is among the key support at 9.85 and the key resistance at 11.96

The general trend is to the downside as far as 14.70 remains intact with targets at 9.85 and 8.50

Resistance10.95 11.00 11.05 11.20 11.45