Silver faces resistance at $15.43,break above targets $16.34
Major resistance - $15.43 (trend line joining $17.75 and $16.34)
Major support - $15 (200 day MA)
The commodity is facing strong resistance around $15.43 and any break above confirms minor trend reversal. It is currently trading around $15.34.
On the higher side any break above $15.43 will take the pair to next level till $15.78/$16.34.
Silver’s major support is around $15 and any break below targets $14.40/$14.
It is good to buy only above $15.43 with SL around $15 for the TP of $16.34
Major support - $15 (200 day MA)
The commodity is facing strong resistance around $15.43 and any break above confirms minor trend reversal. It is currently trading around $15.34.
On the higher side any break above $15.43 will take the pair to next level till $15.78/$16.34.
Silver’s major support is around $15 and any break below targets $14.40/$14.
It is good to buy only above $15.43 with SL around $15 for the TP of $16.34