FXS: Silver finds resistance at $18, still ahead on the day
FXstreet.com (Barcelona) - The silver contract due for delivery in May has been trading up throughout the day but has recently hit resistance above $18. Opening at $17.770, the precious metal has made gains of just under 1% on the day. Currently the silver future trades at $17.895, recuperating some of the losses incurred over previous sessions.
On the upside, Oil N' Gold lists the next resistance levels at $17.950 and $18.126. On the downside, the next support levels are $17.841 and $17.665.
In related news, the copper contract due in May is trading at 3.5245, a 0.79% jump on the day. The metal reached an intraday high 3.5525 where it found strong resistance.