Silver Tests Support At $26.30
Silver failed to settle above the resistance at $26.65 and declined towards the support at $26.30. In case silver manages to settle below this level, it will head towards the next support at $25.85.
A successful test of the support at $25.85 will push silver towards the 50 EMA at $25.75. The 20 EMA is located in the nearby so silver will likely get material support in this area. A move below the 20 EMA will open the way to the test of the support at $25.55.
On the upside, silver needs to get above the resistance at $26.65 to continue its upside move. If silver settles above this level, it will head towards the next resistance at $27.00. A successful test of the resistance at $27.00 will push silver towards the resistance level which is located at $27.50.
A successful test of the support at $25.85 will push silver towards the 50 EMA at $25.75. The 20 EMA is located in the nearby so silver will likely get material support in this area. A move below the 20 EMA will open the way to the test of the support at $25.55.
On the upside, silver needs to get above the resistance at $26.65 to continue its upside move. If silver settles above this level, it will head towards the next resistance at $27.00. A successful test of the resistance at $27.00 will push silver towards the resistance level which is located at $27.50.
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