- Silver gained 2.5% into the close on Wall Street.
- There are prospects for a rerun of the 18.00 handle and trend line resistance.
Silver had scored a new low for the month at 17.39 on Friday. The precious metal was below the 21-daily moving average and a 50% Fibonacci of 2016 highs to recent swing lows. The metal also dropped to below the 38.2% retracement from where it bounced back from trendline support and gained 2.5% into the close on Wall Street which opens prospects for a rerun of the 18.00 handle and trend line resistance which guards a run to the Sep highs of 19.64.
Silver daily chart
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