NYMEX SILVER VIEW : The metal is trading within a sideways range, providing us with contrarian between momentum indicators after breaching 34.15 during this week. The trading is trending downwards to gather the required momentum to move higher. As far as the metal stabilizes above 34.15, there will be a big chance for visiting 35.10 zones, followed by 36.00 areas as seen on our provided image.
The trading range for today is among the key support at 33.60 and key resistance now at 36.00.
The general trend over short term basis is to the downside targeting 29.40 as far as areas of 35.10 remain intact with weekly closing.
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