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.