Silver breached the 76.4% Fibonacci level at 11.34 (cluster expansion resistance of the upside recovery) for the 2nd time with a stable move above the mentioned level which turned support for time being, as shown on the chart there is some kind of more upside momentum supported by bullish pattern formed above the upper line for the short and medium term channel, indicators are neutral.

The trading range for today is among the key support at 10.90 and the key resistance at 12.00.

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

Resistance11.44 11.48 11.56 11.64 11.76


Buy silver with 4 hour close above 11.52 with targets at 11.80, stop loss with 4 hour close below 11.25