FxWirePro
Short

Silver Daily Outlook

FX:XAGUSD   Silver/U.S. Dollar
101 0 1
Silver             has recovered till $ 16.66 after making a low of $16.12. Overall trend is weak as long as $16.68 (200 day HMA ) Holds.

On the upside any break above $16.68 would extend gains till $17.30/17.48 in short term.

The commodity short term support is around $16.18 ( trend line joining $15.37 and $16.12) and any break below will drag the commodity further down till $15.50/$15.

Indicators (1 Hour chart)

CCI (50) - Sell

CCI (14) – Sell

Ichimoku - Sell

Recommendation: Sell Silver             around $16.30, SL $16.68, Target $15.50.






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