Silver headed higher last week after hitting the major resistance level at the key record for silver at 17.30s. However, it saw some tendency to move down again to close with a bearish pattern.

The trading range for today will be between the key resistance at 17.25 and the key support at 16.40.

The general trend is up as far as 13.20 remains intact targets now at 17.40 and 19.80.



Resistance17.02 17.13 17.30 17.50 17.75


We expect selling silver below 17.35 with a target at 16.90, stop loss above 17.50.