Silver New York Price Forecast: Silver is choppy below $17.75/oz

 

 

After falling to 2-day lows, silver is challenging the 17.75 resistance while above the 50 SMA on the four-hour chart. After the drop, a continuation down can extend losses to the 17.25 and 16.75 support levels in the medium-term. On the other hand, bulls need a clear break above the 17.75 resistance to potentially reclaim 18.40.