Silver is moving In a bullish way with a new formation of an ascending channel that will lead the metal higher and higher, yet we need to see a breach to the 17.27 to confirm any further up move, and the risk limit for this bullish scenario lies at 16.50.

The trading range is among the key support level at 16.50 and the key resistance level at 17.30.

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

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