Silver could find resistance

The 16.00 level has proven to be a good resistance zone for silver. The metal has recently touched that level on different occasions, but it has not been able to break it. A breakout of the 16.00 level could cause the price to go and visit the 16.34 level, which could act as resistance. To the downside, the 200 day EMA around the 15.17 level could act as support. The 55 day EMA, purple line, is trying to cross above the 200 day EMA, if that cross happens, then silver could continue heading higher.