Silver Stays Range-Bound At The End Of April
The technical picture for silver has not changed in recent trading sessions. Silver continues to trade in the range between the support at $25.80 and the resistance at $26.30 and needs to get out of this range to gain more momentum.
If silver settles above the resistance at $26.30, it will move towards the resistance at $26.65. A move above this level will push silver towards the next resistance at $27.00.
In case silver declines below the support at the 50 EMA at $25.80, it will head towards the support at $25.55. A successful test of this support level will open the way to the test of the next support at $25.30. A move below $25.30 will open the way to the test of the support level which is located at $25.00.
If silver settles above the resistance at $26.30, it will move towards the resistance at $26.65. A move above this level will push silver towards the next resistance at $27.00.
In case silver declines below the support at the 50 EMA at $25.80, it will head towards the support at $25.55. A successful test of this support level will open the way to the test of the next support at $25.30. A move below $25.30 will open the way to the test of the support level which is located at $25.00.
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