FxWirePro
Long

Silver faces resistance at $15.43,break above targets $16.34

FX:XAGUSD   Silver/U.S. Dollar
142 0 2
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
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