Silver prices remained well supported above 16.35 yesterday retrieving quickly to the upside and not changing any of the outlooks it created. The metal is still targeting the 17.20 and 17.70 respectively where we just need to see a break to the level 16.70 to confirm it, and all the technical indicators still support that view on silver.
The trading range is among the key support level at 16.20 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 Silver above 16.40 with a target at 17.20 and a stop loss below 16.20.|