The silver plunged yesterday after it couldn't settle on the major resistance level at 16.95, to retreat back below the major level 16.52 reaching to the major support level at its lowest point 15.94; technical indicators point to the existence of negative signs dragging the silver to the downside.

The trading range is among the key support level at 15.50 and the key resistance level at 16.80.

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

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