FxWirePro
Long

Silver Daily Outlook

FX:XAGUSD   Silver/U.S. Dollar
106 0 1
Silver             is facing resistance around $17.70 (trend line joining $18.45 and $18.13) and is slighty retreating from that level.
Intraday trend is bullish as long as support $16.75 (200 day 4 HMA) holds.

On the downside break below will take the commodity to $16.21/$15.60.The break of $17.70 will pull silver             to next target $18.15/$18.48.

Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy Silver             around $17.40, SL $16.75, Targets $18.15/18.48.
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