14th May: Comex silver technical view

COMEX SILVER JULY 2018 – current price $1675.00

Bullish over $1660.00 with $1687.50 and $1701.40 as price target

Bearish below $1653.70 with $1646.10 and $1634.70 as price target

Neutral Zone between: $1653.70-$1660.00

  • Silver needs to trade over $1660 today to rise to $1701.70.
  • In case silver does not break $1701.70 by tomorrow, then fatigue will return and a sell off to $1622.20 and $1589.40 could be there.
  • Today and tomorrow are crucial for silver prices.
  • Sellers will be there below $1660.
  • Expected wide trading range: $1638.70-$1711.70
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