Morning Report

Silver is trapped between the critical support and resistance levels at 31.75 and 32.85, while the sideway range continues to control the intraday trading. Therefore, we remain neutral now, awaiting the metal to breach one of the mentioned levels for more confirmations regarding the next move.

The trading range for today is among the key support at 31.25 and key resistance now at 33.65.

The short-term trend is to the downside with steady weekly closing below 38.00 targeting 20.05.

***New York Candlesticks***

Previous Report

Weekly Report

Support32.0031.7531.2530.8530.30
Resistance32.4532.8533.0033.1533.40
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations