Silver - Upside Potential Above Key Support Level

Despite the clear downtrend in Silver prices from the beginning of September highs we still see upside potential as long as prices don't fall below support at $17.387. The ongoing trade war in particular in case talks at the end of this week breakdown between the US and China can lead to further upside, especially coupled with the recent significantly Dovish FED stance surrounding monetary policy. Our near term target would be for prices to surpass $18 and break through resistance at $18.2.