Silver forms bearish BAT pattern, decline till $14 is possible
Harmonic Pattern – Bearish BAT Pattern
Potential reversal Zone (PRZ) - $15.50.
The commodity has recovered till $15.41 after making a low of $14.24. Overall trend is till weak as long as resistance $15.50 holds.
On the higher side any break above $15.50 will take the pair to next target till $16/$16.45.
The commodity minor support is around $14.80 and nay break below will drag further down till $14.40/$13.95.
It is good to sell on rallies around $15.20-25 with SL around $15.51 for the Tp of $14.45/$14
Potential reversal Zone (PRZ) - $15.50.
The commodity has recovered till $15.41 after making a low of $14.24. Overall trend is till weak as long as resistance $15.50 holds.
On the higher side any break above $15.50 will take the pair to next target till $16/$16.45.
The commodity minor support is around $14.80 and nay break below will drag further down till $14.40/$13.95.
It is good to sell on rallies around $15.20-25 with SL around $15.51 for the Tp of $14.45/$14
