Silver is targeting higher according to all the indicators and all the patterns it's making, yet there is a possibility to decline to 16.82 and 16.67, and from there it would climb up to break the 17.35 level and will start climbing from there.

The trading range is among the key support level at 16.82 and the key resistance level at 17.45.

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

Resistance17.20 17.29 17.32 17.45 17.50


Buy sliver above 17.05 (partially) with a possibility of averaging at 16.83 with a target at 17.35 and a stop loss below 16.65