Midday Report

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Trading is still within 17.73 and 17.43 for the third consecutive day, while Stochastic is still providing upside reversal signals over daily basis. Trading is still within the medium term bullishness, where silver is attempting to stabilize above 17.73; succeeding in that signals a possible upside move which remains valid as far as the mentioned support earlier remains intact.

The trading range for today is among the key support at 17.43 and the key resistance at 18.32.

The general trend over short term basis is to theupside targeting 21.50 as far as areas of 16.20 remain intact.Support17.6217.6017.5817.5417.49Resistance17.7317.7617.8017.9018.00RecommendationBased on the charts and explanations above, our opinion is buying silver around 17.65 targeting 18.32 and stop loss below 17.43 might be appropriate