Silver has recently tested the resistance at $25.00 but did not manage to get above this level. The nearest support level for silver is located at $24.70. If silver settles below this level, it will head towards the support at $24.50.
A successful test of the support at $24.50 will push silver towards the next support level at $24.20. If silver declines below this level, it will move towards the support at $24.00.
On the upside, silver needs to settle above $25.00 to continue its rebound. The next resistance level for silver is located at $25.20. If silver manages to settle above this level, it will head towards the resistance at the 20 EMA at $25.35. A move above $25.35 will push silver towards the resistance at $25.55.
A successful test of the support at $24.50 will push silver towards the next support level at $24.20. If silver declines below this level, it will move towards the support at $24.00.
On the upside, silver needs to settle above $25.00 to continue its rebound. The next resistance level for silver is located at $25.20. If silver manages to settle above this level, it will head towards the resistance at the 20 EMA at $25.35. A move above $25.35 will push silver towards the resistance at $25.55.