Silver continues its attempts to settle below the nearest support level at $27.00. If silver declines below this level, it will head towards the next support at $26.70.
A move below $26.70 will open the way to the test of the next support level at $26.30. In case silver manages to settle below the support at $26.30, it will decline towards the support which is located at the 20 EMA at $26.00.
On the upside, the nearest resistance level for silver is still located at $27.50. Silver needs to get above this level in order to continue its upside move. The next resistance is located at $27.75.
If silver manages to settle above this level, it will gain additional upside momentum and head towards the next resistance level at $28.30.
A move below $26.70 will open the way to the test of the next support level at $26.30. In case silver manages to settle below the support at $26.30, it will decline towards the support which is located at the 20 EMA at $26.00.
On the upside, the nearest resistance level for silver is still located at $27.50. Silver needs to get above this level in order to continue its upside move. The next resistance is located at $27.75.
If silver manages to settle above this level, it will gain additional upside momentum and head towards the next resistance level at $28.30.
