Trading in consistency with the bollinger bands remains clear. Where on the other hand, silver is still moving sideways between the range of 38.2% and 50% fibonacci retracements as it shows that the metal has reached an oversold area in the short term which might allow the metal to incline to reach the 17.00 level at least.

The trading range for today is between the key support at 16.24 and the key resistance at 17.50.

The general trend is to the upside as far as 14.50 remains intact; target at 20.90.

Resistance17.05 17.16 17.29 17.50 18.07