This week’s significant volatility has put the focus on the 16.90 line. Silver tested this line in support on Tuesday and it is currently an immediate support line. If silver breaks below this line, it could continue the downward movement towards support at 16.10. This line has held since the first week of August. Above, there is resistance at 17.50, which was active at the end of last week. This is followed by resistance at the round number of 18.00.
