The fall didn't continue yesterday for long as it rebounded back to the upside but failed to form a top higher than the previous top during the beginning of the week and therefore the downside trend remains dominating silver. We see the metal in an overbought area on the stochastic indicator on the four hour charts where from there we expect to see high volatility with slight tendency to the downside.

The trading range for today is among the key support at 10.15 and the key resistance at 11.83

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

Resistance11.30 11.57 11.78 11.83 11.95