Silver is still holding its levels at 16.66 and 16.57 which still preserve the upside direction, yet the technical indicators and the current market status is not hinting for any improvement, and the momentum for the upside is still weak and not very encouraging.

The trading range is among the key support level at 16.57 and the key resistance level at 17.20.

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

Resistance16.99 17.06 17.20 17.35 17.42


Buy Silver above 16.67 with a target at 17.27 and a stop loss below 16.55