Silver has formed a shape for the upside as well, and it intends to start climbing up as far as it is still above the 16.90; and with the right momentum, the movement should extend above 17.50 in a new upside intermediate trend.

The trading range is among the key support level at 16.40 and the key resistance level at 17.35.

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 17.19 17.23 17.35


Buy Silver above 16.90 with a target at 17.25 and a stop loss below 16.58