Silver Tries To Rebound As Support At $24.00 Stays Strong

Silver received support near $23.80 and rebounded back above $24.00. The nearest resistance level for silver is located at $24.20. In case silver manages to settle above this level, it will move towards the next resistance at $24.50.

A successful test of the resistance at $24.50 will open the way to the test of the resistance at $24.70. If silver gets above this level, it will head towards the resistance at $25.00.

On the support side, the nearest support level for silver is still located at $24.00. If silver gets below this level, it will have another chance to get to the test of the support at $23.70.

A move below $23.70 will push silver towards the support at $23.50. If silver gets below the support at $23.50, it will head towards the next support at $23.20.