Silver drove through the downside channel in a massive bearish move to set silver down at the key support level at 17.12. Meanwhile, the technical indicator pointed to the downside potential for today.

The trading range for today will be between the key resistance at 17.40 and the key support at 16.60.

The general trend is up as far as 13.20 remains intact targets now at 22.00 and 25.00.

Resistance17.44 17.60 17.87 18.00 18.14


We expect selling silver below 17.45 with a target at 16.90, stop loss above 17.70.