Silver may fall to 27.20 - 27.40

Pivot

28.10

Our preference

Short positions below 28.10 with targets at 27.40 & 27.20 in extension.

Alternative scenario

Above 28.10 look for further upside with 28.30 & 28.65 as targets.

Comment

As long as the resistance at 28.10 is not surpassed, the risk of the break below 27.40 remains high.

Supports and resistances

28.65

28.30

28.10

27.68 Last

27.40

27.20

27.00

Number of asterisks represents the strength of support and resistance levels.