Technical & Trade View

Silver Futures

Trade View

  • Bias: Bullish Above Bearish below 19.90


  • Primary resistance is 21.65 watch for bearish reversal patterns here

  • Primary pattern objective is 19.90

  • Acceptance below 20.50 next pattern confirmation

  • Acceptance above 21.70 opens a test of 22.10

  • 20 Day VWAP bearish , 5 Day VWAP bullish

  • Options Expiries for today’s New York cut N/A

Institutional Insights

  • Analysts at Bank of America note ‘The silver market has rebalanced on production discipline and demand from new applications including solar panels. Industrial demand to keep facing headwinds as the global economy lows, but demand from solar and EV to be supportive. If more spending on solar panels come through, silver should rally above $31/o