After reaching the extreme targets of the previous explained bearish harmonic pattern, silver succeeded to form a continuous bullish candle stick above the pivotal resistance areas turned into support between (11.85-11.95) zones which revives the possibility to continue its upward recovery as the overall structure is a ladder bullish formation appearing clearly on the subsidiary hourly chart . A break of 12.25 will indicate that a bottom on the short term might have been placed at 11.80 areas. Therefore we will keep our overview to the upside as far as 11.65 remains intact.
The trading range for today is among the key support at 11.35 and key resistance now at 13.10.
The general trend is to the upside as far as 10.95 remains intact with targets at 16.50.