Morning Report

Yesterday's sharp incline sent the metal towards the second potential reversal zones of the captured harmonic structure. In fact, we should be careful as silver stabilized above D1 and below D 2 and thus; our overview will be neutral unit it penetrates one of those levels.

The trading range for today is among the key support at 28.60 and key resistance now at 31.20.

The general trend over the short term basis is to the downside targeting $ 22.95 per ounce as far as areas of 29.80 remain intact.

Previous Report

Weekly Report

Support29.9429.7529.3529.2028.95
Resistance30.2030.3030.3530.5530.85
RecommendationBased on the charts and explanations above our opinion is, staying aside during this week until a clearer sign appears to pinpoint the upcoming big move.