Silver managed to get above the 50 EMA at $25.15 and is trying to settle above the resistance at $25.30. If this attempt is successful, silver will get to another test of the resistance level at $25.55.
In case silver manages to settle above $25.55, it will head towards the next resistance level which is located at the 20 EMA at $25.80. A successful test of the resistance at the 20 EMA will open the way to the test of the resistance at $26.30.
No important levels were formed between the 20 EMA at $25.80 and the resistance level at $26.30 so this move may be fast.
On the support side, a move below the 50 EMA at $25.15 will push silver towards the support level at $25.00. In case silver declines below this level, it will head towards the next support at $24.70. If silver gets below $24.70, it will head towards the support at $24.50.
In case silver manages to settle above $25.55, it will head towards the next resistance level which is located at the 20 EMA at $25.80. A successful test of the resistance at the 20 EMA will open the way to the test of the resistance at $26.30.
No important levels were formed between the 20 EMA at $25.80 and the resistance level at $26.30 so this move may be fast.
On the support side, a move below the 50 EMA at $25.15 will push silver towards the support level at $25.00. In case silver declines below this level, it will head towards the next support at $24.70. If silver gets below $24.70, it will head towards the support at $24.50.
