Silver has been trading within a very tight range recently and hasn’t provided any tradable opportunity. Meanwhile, this slow low volatility environment hints a breakout is in the making, as low volatility is always followed by sharp moves. At the current levels, we are obliged to remain on the sidelines waiting for a breakout of this tight range.

Support: 22.00, 21.50, 21.00, 20.50, 20.13
Resistance: 22.85, 23.25, 23.40, 23.70, 24.00
Based on the explanations and chart above, we prefer to stay neutral.

Support: 22.00, 21.50, 21.00, 20.50, 20.13
Resistance: 22.85, 23.25, 23.40, 23.70, 24.00
Based on the explanations and chart above, we prefer to stay neutral.