The Silver progressed in a strong bearish move yesterday after reaching the resistance level at 18.00 and failing to breach the level lead the silver to the key support level at 17.23, and according to technical indicators the silver is expected to continue the downside wave for today.

The trading range for today might be among the key resistance level at 18.20 and the key support at 17.40.

The general trend is to the upside as far as 13.20 remains intact, targets now are at 22.00 and 25.00.

Resistance17.60 18.06 18.22 18.50 18.83


We expect selling Silver below 17.60 with targets at 16.90, stop loss above 17.80