FX.co ★ Technical analysis on Silver for April 13th, 2023.

Red lines -bullish channel

Silver remains in a bullish trend. Price is making higher highs and higher lows. Price remains inside the upward sloping red channel. The RSI is also making higher highs and higher lows and has reached overbought levels. So far there is no sign of a reversal. Bulls remain in full control of the trend. Support is at $25.18 where we find the lower channel boundary. As long as price is above this level, bulls remain in control of the trend. A pull back is justified from current levels but so far we have not seen any reversal signal.