In this video we evaluate the key support and resistance levels for Silver and comment on its net speculative position and open interest.

The key resistance levels are $26 and $27-$28 with $22 and $20.50 being the key support levels. In the bigger picture we can simplify with $27 as resistance and $20.50 as support.

Open interest and the net speculative position both made a significant bottom in 2022.

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