SILVER (XAG/USD) Technical Analysis At Year-End: 23.06 is the key level to the bullish

The price is located below Ichimoku cloud for the primary bearish market condition with the secondary ranging within the following key support/resistance levels:

• 23.06 resistance located below Ichimoku cloud on the border between the primary bearish and the primary bullish on the chart. If the price breaks this level from below to above so we may see the bullish reversal to be started.
• 13.96 support level located far below Ichimoku cloud in the primary bearish area of the chart. If the price breaks this level so the bearish trend will be continuing.
  

Chinkou Span line is below the price indicating the ranging condition by direction.

Thus, the most likely scenario for Silver (XAG/USD) at year-end situation is the following: the price will be on the ranging condition, and breaking 23.06 key bullish reversal level depends on the fundamental factors which can move the price to make the silver to be more stronger one compare with US dollar for example.