Silver, also like gold, respected the bearish pattern as we expected in our previous reports and the decline started to be faster and approached the first target of the pattern at 12.65 so that today's outlook will remain to the downside as far as 13.25 remains intact.This overview is supported by TEMA and SMA bearish signal cross over.

The trading range for today is among the key support at 12.00 and key resistance now at 13.25

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

Resistance12.88 12.96 13.06 13.11 13.25


According to our analysis, we believe that it is good to sell silver with hourly close below 12.80 with targets at 12.60 and stop loss with hourly close above 13.03.