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Resistance At $27.50 Stays Strong

OANDA:XAGUSD   Silver / U.S. Dollar
Silver is currently trading in the range between the support at $27.00 and the resistance at $27.50. If silver manages to settle above $27.50, it will get to the test of the next resistance level which is located at $27.75.

In case silver gets above the resistance at $27.75, it will head towards the next resistance at $28.30. This move will indicate that silver is ready to continue its upside trend. 

On the support side, a move below the nearest support level at $27.00 will open the way to the test of the next support at $26.70. If silver declines below this level, it will get to the test of the next support at the 20 EMA at $26.55.