Silver Tests Support At $25.20
Silver is currently trying to settle below the support at $25.20. If this attempt is successful, it will head towards the next support level which is located at $25.00.
A move below the support at $25.00 will open the way to the test of the support at $24.70. In case silver declines below this level, it will head towards the next support at $24.50. A successful test of this level will open the way to the test of the support at $24.20.
On the upside, silver needs to get back above $25.20 to have a chance to develop upside momentum in the near term. The next resistance level for silver is located at $25.55. If silver settles above this level, it will move towards the next resistance at $25.85. In case silver gets above this level, it will head towards the 50 EMA at $26.35.
A move below the support at $25.00 will open the way to the test of the support at $24.70. In case silver declines below this level, it will head towards the next support at $24.50. A successful test of this level will open the way to the test of the support at $24.20.
On the upside, silver needs to get back above $25.20 to have a chance to develop upside momentum in the near term. The next resistance level for silver is located at $25.55. If silver settles above this level, it will move towards the next resistance at $25.85. In case silver gets above this level, it will head towards the 50 EMA at $26.35.
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.