Crown Forex – Technical Analysis for SILVER

The silver dropped down yesterday to hit the key support level at 16.40, yet because there are no key adjustments in the technical directional indicators we expect the silver to progress to further extend the upside channel today. The trading range for today will be between the key resistance at 17.00 and the key support at 16.40. The general trend is up as far as 13.20 remains intact targets now at 17.40 and 19.80. The silver dropped down yesterday to hit the key support level at 16.40, yet because there are no key adjustments in the technical directional indicators we expect the silver to progress to further extend the upside channel today. The trading range for today will be between the key resistance at 17.00 and the key support at 16.40. The general trend is up as far as 13.20 remains intact targets now at 17.40 and 19.80.