SILVER: Trading Perfectly In Line Today with Our Target from Last Week

Our YouTube video illustrates Silver's intraday trading activity today and shows how the Daily High and Daily Low have been around key retracement levels from the 18.14 target identified in our YouTube video and corresponding post last week.

As we can see in the screenshot from our Daily chart below, the intraday Low is right around the 61.8% retracement of the retracement extension range and the intraday High is around the 50.0% retracement of the same retracement extension range.

In the Monthly chart below, the significance of the 17.82, 17.97, and 18.66 levels remains very clear. Silver needs to register a Close above these areas if it is to form a constructive base for a move higher.

Upside price objectives remain 17.97, 18.14, 18.66, and 19.89.


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