Silver continues its attempts to settle above the nearest resistance level at $27.50. This level has already been tested several times and proved its strength. In case silver gets above the resistance at $27.50, it will get to the test of the next resistance level at $27.75.
A successful test of the resistance at $27.75 will show that silver is ready to get closer to previous year's highs. The next resistance is located at $28.30. A move above this level will push silver towards the resistance at $28.90.
On the support side, the nearest support level for silver is located at $27.00. This support level has been tested during the current trading session, and silver quickly rebounded closer to $27.50.
If silver declines below the support at $27.00, it will move towards the next support level at $26.70. A move below this level will open the way to the test of the next support at $26.30.
A successful test of the resistance at $27.75 will show that silver is ready to get closer to previous year's highs. The next resistance is located at $28.30. A move above this level will push silver towards the resistance at $28.90.
On the support side, the nearest support level for silver is located at $27.00. This support level has been tested during the current trading session, and silver quickly rebounded closer to $27.50.
If silver declines below the support at $27.00, it will move towards the next support level at $26.70. A move below this level will open the way to the test of the next support at $26.30.
