Silver prices have fallen and are expected to challenge support at an upward sloping trend line at 23.95. At 24.82, the 10-day moving average serves as a level of resistance. It seems that the MACD has created a crossing sell signal for the medium-term momentum of this stock.
The support rests at 23.906 with resistance at 24.089. The price moves below the pivot point at 24.008. The EMA of 10 is moving in a bearish bias and it crossed the EMA of 100 and is going to reach the EMA of 200. The Stochastic is moving in low ranges. The RSI is moving in the oversold area and the ADX is showing a downward momentum. The MACD histogram is in negative territory with signals showing a downtrend.

• There is resistance at 24.089, followed by resistance at 24.191 and 24.272.
• There is support at 23.906. Below, there is 23.825 and 23.723.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.