Silver successfully inclined in a strong upside movement to target 18.50 but technical indicators show the metal in an over-bought area. We expect the move to continue to the upside yet with slight corrections to shake any excess buying orders off its back.

The Trading range for today is between the key support at 17.00 and the key resistance at 18.50.

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












Support17.4017.1517.0016.8016.60
Resistance17.70 17.80 17.96 18.15 18.50

Recommendation

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