Silver Tests Support At $27.00
Silver continues its attempts to settle below the nearest support level at $27.00. If silver declines below this level, it will head towards the next support at $26.70.
A move below $26.70 will open the way to the test of the next support level at $26.30. In case silver manages to settle below the support at $26.30, it will decline towards the support which is located at the 20 EMA at $26.00.
On the upside, the nearest resistance level for silver is still located at $27.50. Silver needs to get above this level in order to continue its upside move. The next resistance is located at $27.75.
If silver manages to settle above this level, it will gain additional upside momentum and head towards the next resistance level at $28.30.
A move below $26.70 will open the way to the test of the next support level at $26.30. In case silver manages to settle below the support at $26.30, it will decline towards the support which is located at the 20 EMA at $26.00.
On the upside, the nearest resistance level for silver is still located at $27.50. Silver needs to get above this level in order to continue its upside move. The next resistance is located at $27.75.
If silver manages to settle above this level, it will gain additional upside momentum and head towards the next resistance level at $28.30.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.