Morning Report

The downside movement is still valid, while Stochastic attempts to provide a negative crossover again, which suggests that the downside movement could extend further. The relative strength index is stable below the 50-level, which supports the rising wedge pattern to remain effective.

The trading range for today is among the key support at 29.55 and key resistance now at 33.50.

The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact.

**New York Candlesticks**

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Weekly Report

RecommendationBased on the charts and explanations above, our opinion is selling silver below 31.60, and take profit in stages at (30.30 and 29.55) and stop loss with 4-hour closing above 32.10 might be appropriate