Silver did not yet touch the 16.35 support but it might today, but the base is very strong and it is very unlikely that this level will hold steady and will not be breached before the upside target around 18.20 is achieved. Technical indicators are showing a possibility for a slight decline today followed by a new upside wave.
The trading range is among the key support level at 16.35nd 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 silver at 16.35 with a target at 16.70 and a stop loss below 16.20|