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FxWirePro
Sep 4, 2015 10:17 AM

Silver faces strong support at $14.65, break below targets $14 Short

Silver/U.S. DollarFXCM

Description

Silver is trading narrow channel for past three trading session. It is facing strong support around $14.65 and any break below will drag the commodity further down till $14.45/$14 in short term.

Short term trend reversal only above $15 and break above $15 would extend gains till $15.15/$15.70.

Silver further weakness can be seen only below $13.96.

It is good to sell on rallies around $14.68-72 with SL around $15 for the TP of $ 14
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