Silver Faces Strong Resistance At $26.30
Silver is currently trying to settle above the nearest resistance level at $26.30. Silver has already made several attempts to settle above this level in recent trading sessions and even managed to get above $26.30 but failed to gain sufficient upside momentum.
The resistance near $26.30 remains strong, but silver will have a good chance to develop strong momentum once it manages to settle above this level. The next resistance for silver is located at $27.00. If silver moves above this level, it will head towards the next resistance at $27.50.
On the support side, the situation has not changed compared to the previous trading session. The nearest material support level for silver is located at $25.85. If silver gets below this level, it will head towards the next support at $25.55. A move below the support at $25.55 will open the way to the test of the next support which is located at $25.30.
The resistance near $26.30 remains strong, but silver will have a good chance to develop strong momentum once it manages to settle above this level. The next resistance for silver is located at $27.00. If silver moves above this level, it will head towards the next resistance at $27.50.
On the support side, the situation has not changed compared to the previous trading session. The nearest material support level for silver is located at $25.85. If silver gets below this level, it will head towards the next support at $25.55. A move below the support at $25.55 will open the way to the test of the next support which is located at $25.30.
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