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Silver prices are oscillating within a narrow range since last week and the prices are very near to daily ichimoku cloud breakout as well but bulls not providing the required push here to change daily technicals.

Silver prices technical outlook

This is the Silver prices Hour Chart with prices unable to hold on to ichimoku cloud breakout and repeatedly falling back below it. The major action however is in Daily chart below.

Silver prices technical outlook

This is the Silver daily chart where we can see prices came near to ichimoku cloud breakout level but failed to even try to go over the cloud which is nothing but sheer weakness atleast in daily time frame.

Breakout in daily chart above $ 20.50 level.

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