The technical situation has not changed at all compared to the previous trading session as silver is still trying to get above the nearest resistance level at $26.30.
Silver has already made several attempts to gain upside momentum above $26.30 but these attempts yielded no results, and it remains to be seen whether silver will be able to attract enough interest in the remaining trading sessions of the year.
If silver settles above $26.30, it will move towards the next resistance level at $27.00. RSI is in the moderate territory so there is plenty of room to gain momentum. A move above $27.00 will open the way to the test of the next resistance level at $27.50.
On the support side, silver should receive solid support near $25.85. In case silver declines below this level, it will move towards the next support level at $25.55.
Silver has already made several attempts to gain upside momentum above $26.30 but these attempts yielded no results, and it remains to be seen whether silver will be able to attract enough interest in the remaining trading sessions of the year.
If silver settles above $26.30, it will move towards the next resistance level at $27.00. RSI is in the moderate territory so there is plenty of room to gain momentum. A move above $27.00 will open the way to the test of the next resistance level at $27.50.
On the support side, silver should receive solid support near $25.85. In case silver declines below this level, it will move towards the next support level at $25.55.
