Silver Tries To Gain More Ground
Silver managed to stay above the support at $25.85 and is trying to get above the resistance at $26.30. In case this attempt is successful, silver will move towards the next resistance level at $26.65 which has been tested in recent trading sessions and proved its strength.
If silver manages to settle above this level, it will move towards the resistance at $27.00. A move above the resistance at $27.00 will open the way to the test of the resistance at $27.50. There are no important levels between $27.00 and $27.50 so this move may be fast.
On the support side, the nearest support level for silver is located at $25.85. If silver gets below this level, it will get to the test of the 50 EMA at $25.75. A move below the 50 EMA and the 20 EMA will push silver towards the support at $25.55.
If silver manages to settle above this level, it will move towards the resistance at $27.00. A move above the resistance at $27.00 will open the way to the test of the resistance at $27.50. There are no important levels between $27.00 and $27.50 so this move may be fast.
On the support side, the nearest support level for silver is located at $25.85. If silver gets below this level, it will get to the test of the 50 EMA at $25.75. A move below the 50 EMA and the 20 EMA will push silver towards the support at $25.55.
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