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  • Oil: 28.94 4.09

Silver Hits Wall, Pulls Back Towards $18 Level

Kenny Fisher
|
Tuesday, February 25th

After an impressive rally, silver has retraced and is again putting pressure on the symbolic 18.00 level. Below, the 50-day EMA is currently situated at 17.84, followed by support at 17.50. Next is the 200-EMA, at 17.11.

On the upside, 18.60 is an immediate resistance line, followed by 19.20. Above, the lofty level of 20.00 has held in resistance since September 2016.

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