XAG London Silver – Silver probes the top of the range

As for London silver, the price of silver is testing the recent top of $33.20. If it can continue to stabilize above this area, it is expected that the price of silver will start a new wave of upward trend. The target is expected to reach $33.80, which is a reflection extension of the recent bottom of $31.60 to $32.20 of US$0.6, and further to $34.20 and $34.56. As for the nearest support, we first look at $33.20 and the 25-day moving average of $32.80. The larger support level is expected to be at $32.55 and $32.25.

London silver forecast range from May 26 to 30:
Resistance 33.75 – 34.25 – 34.80 – 35.20
Support 33.20 – 32.95 – 32.65 – 32.15

London Silver May 26
Predicted early range: 33.35 – 33.60
Resistance 33.80 – 34.00 – 34.65
Support 33.15 – 32.90 – 32.65

iShares Silver Trust Silver Holdings:
May 12 – 14,029.45 tonnes
May 13 – 13,999.75 tonnes
May 14 – 13,971.47 tonnes
May 15 – 13,971.47 tonnes
May 16 – 13,914.90 tonnes
May 19 – 13,989.85 tonnes
May 20 – 14,054.90 tonnes
May 21 – 14,054.90 tonnes
May 22 – 14,132.67 tonnes
May 23 – 14,217.5 tonnes

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