Silver Tests Resistance At $25.85
Silver gained strong upside momentum and is trying to settle above the resistance at $25.85. RSI is still in the moderate territory so there is plenty of room to gain additional momentum in case the right catalysts emerge.
If silver settles above the resistance at $25.85, it will head towards the next resistance level at $26.30. A move above $26.30 will open the way to the test of the resistance at $27.00. If silver gets above $27.00, it will move towards the next resistance level at $27.50.
On the support side, silver needs to get back below $25.85 to have a chance to develop downside momentum. If silver declines below this level, it will head towards the next support at $25.55. A move below $25.55 will push silver towards the support at $25.30. In case silver declines below $25.30, it will get to the test of the support at $25.00.
If silver settles above the resistance at $25.85, it will head towards the next resistance level at $26.30. A move above $26.30 will open the way to the test of the resistance at $27.00. If silver gets above $27.00, it will move towards the next resistance level at $27.50.
On the support side, silver needs to get back below $25.85 to have a chance to develop downside momentum. If silver declines below this level, it will head towards the next support at $25.55. A move below $25.55 will push silver towards the support at $25.30. In case silver declines below $25.30, it will get to the test of the support at $25.00.
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