Silver is trading narrowly in areas below 32.95. Stochastic provides positive crossover, but on the other hand RSI is stable below the 50-point level, which in result reflects technical conflict. But in general, consolidation below 32.95 drives us to expect a downside movement, supported by the rising wedge pattern.
The trading range for today is among the key support at 29.55 and key resistance now at 33.75.
The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact.
**New York Candlesticks**
|Recommendation||Based on the charts and explanations above, our opinion is selling silver below 32.95, and take profit in stages at (31.25 and 29.55) and stop loss with 4-hour closing above 33.75 might be appropriate|