Silver Tests Resistance At $27.00
Silver settled above the resistance at $26.65 and is trying to get above the next resistance level at $27.00. In case this attempt is successful, silver will head towards the next resistance which is located at $27.50.
A move above the resistance at $27.50 will push silver towards the next resistance level at $27.75. If silver manages to settle above this level, it will head towards the next resistance which is located at $28.30.
On the support side, the previous resistance at $26.65 will serve as the first support level for silver. If silver declines below this level, it will move towards the next support at $26.30. A move below the support at $26.30 will push silver towards the support at the 50 EMA at $25.90.
A move above the resistance at $27.50 will push silver towards the next resistance level at $27.75. If silver manages to settle above this level, it will head towards the next resistance which is located at $28.30.
On the support side, the previous resistance at $26.65 will serve as the first support level for silver. If silver declines below this level, it will move towards the next support at $26.30. A move below the support at $26.30 will push silver towards the support at the 50 EMA at $25.90.
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