Silver has made a normal retracement from a reasonable target around 17.60 holding still above 16.98 the very important support, while technical indicators are still showing some tendency to the downside. The metal seems to be the most secure and the toughest amongst all in the markets today.
The trading range is among the key support level at 16.70 and the key resistance level at 17.70.
The general trend is to the upside as far as 13.20 remains intact, with targets at 22.00 and 25.00.
|Buy sliver above 16.90 with a target at 17.50 and as top loss below 16.70|