Well, Technically monthly trend indicates some room left for upside before it kiss the resistance channel, However the indicators strength is bleak and tape reading suggests it could go lower
Weekly Trend indicating bearish momentum in play and all the indicators have faced south and in bearish territory, Traders may find these indicators could take support sooner but my study & reading tells this is not a true pattern and bulls will not be successful..
Daily tech's suggests a bottom in place and prices could move higher a little bit, and yes thats just a lil bit or lets keep it as our Short entry level..
**Chart Pattern will be updated later**
Daily Trading Levels
Best buy & sup @ 42994 Resistance @ 43162, a break above 43330 upside capped @ 43707 - 43875 however a crack below 42826 downside capped @ 42449 - 42282
Tape or Trading Range
42826 <<===>> 43875
Now @ 43025
Trading Strategy
Silver is a sell @ b/w 43875 - 43946 for target 42282 - 41662 Stops or reversal only above 44448
"41662" Can also be termed as Gap filling target of the May contract all time low "40576"
If prices violate 42662 it will fall sharply towards target 41662 and there will not be any 43800 or 900's
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