Silver had a very volatile trading session today. It tested the support at $25.00 and got close to the resistance at $27.50. Levels inside this range were mostly ignored but they will be back in play once the situation calms down a bit.
The nearest support level for silver is located at $25.85. If silver declines below this level, it will get to the test of the next support at $25.55. A move below $25.55 will push silver towards the support at $25.30. In case silver gets below the support at $25.30, it will head towards the recent lows at $25.00.
On the upside, silver needs to get above the resistance at $26.30 to continue its upside move. The next resistance level is located at $27.00. If silver manages to settle above $27.00, it will gain additional upside momentum and move towards the next resistance level near the recent highs at $27.50.
The nearest support level for silver is located at $25.85. If silver declines below this level, it will get to the test of the next support at $25.55. A move below $25.55 will push silver towards the support at $25.30. In case silver gets below the support at $25.30, it will head towards the recent lows at $25.00.
On the upside, silver needs to get above the resistance at $26.30 to continue its upside move. The next resistance level is located at $27.00. If silver manages to settle above $27.00, it will gain additional upside momentum and move towards the next resistance level near the recent highs at $27.50.
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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.