After completing the expected incline that we pointed out to last week, we see the possibility for silver to reverse to the downside, yet the 11.78 support level seems to be strong enough where the stochastic indicator and the relative strength indicator support the downside movements but the MACD shows the tendency to the upside.

The trading range for today is among the key support at 10.65 and the key resistance at 12.15

The general trend is to the downside as far as 14.70 remains intact with targets at 8.05 and 7.60

Resistance11.57 11.078 11.95 12.00 12.15