Silver Technical Analysis
Silver has posted sharp gains on Monday, breaking above resistance barriers that had kept the metal around the 17.00 level last week. In the Asian session, silver broke past the 50-EMA at 17.12 and proceeded to break above resistance at 17.25, which last saw action in the first week of December. Above, there is resistance at 17.50, followed by 17.75. On the downside, we find support at the symbolic 17.00 level, followed by the 200-EMA at 16.60. Below, there is support at 16.50.