Silver managed to settle below the 50 EMA at $25.25 and is trying to get below the next support level at $25.00. If this attempt is successful, silver will head towards the next support level which is located at $24.70.
A successful test of the support at $24.70 will push silver towards the support at $24.50. In case silver declines below this level, it will move towards the support level at $24.25.
On the upside, the previous support level at the 50 EMA at $25.25 will likely serve as the first resistance level for silver. If silver gets above this level, it will move towards the next resistance at the 20 EMA at $25.50. A move above the 20 EMA will push silver towards the resistance at $25.85.
A successful test of the support at $24.70 will push silver towards the support at $24.50. In case silver declines below this level, it will move towards the support level at $24.25.
On the upside, the previous support level at the 50 EMA at $25.25 will likely serve as the first resistance level for silver. If silver gets above this level, it will move towards the next resistance at the 20 EMA at $25.50. A move above the 20 EMA will push silver towards the resistance at $25.85.