Technical outlook and chart setups:
Silver has also pushed higher today and is seen to be trading at $16.70 levels at this moment. Please note that the metal is facing resistance at the Fibonacci levels of the drop between $18.00 through $15.80 levels respectively. It is still possible that the metal will pushe higher towards $17.00/20 levels, which is the Fibonacci level, before turning lower. Immediate support is seen at $16.25 levels, while resistance is at $17.20 levels respectively.
Trading recommendations: Remain flat for now.
WHAT A GREAT MOVE