Silver Update: Below 66721 Below 65200—64700—63500

  • Silver prints three-day losing streak as sellers flirt with 2.5-month low.
  • Clear downside break of 100-DMA, bearish MACD signals favor sellers.
  • 50% Fibonacci retracement, 200-DMA challenge further downside.
  • Recovery remains elusive unless crossing $23.15, ascending trend line from early September 2022 adds to the downside filters.

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Silver Prices Target: Silver treads water above $19.55

Silver Price Target: Silver prices are trading higher for the second consecutive day on Wednesday, with the white metal (Chandi) extending its recovery from the $18.75 low on Tuesday to two-week highs at $19.75, where it seems to have found a significant resistance hurdle.

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