- Silver Weekly chart shows previous support acting as resistance
- Silver daily chart has 200 SMA as resistance. Price unable to stay above 200 SMA.
- Crucial support for Silver bulls is the daily cloud. Bulls must sustain above the cloud to avoid bigger falls.
- Strength above 499
- Further weakness below 465 and 458.
- Closing outside the smaller triangle in daily chart may also give the next direction.
- Stock is moving in a bigger weekly triangle. within this Triangle price may move up towards the falling resistance line.