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Short

Silver Daily Outlook

FX:XAGUSD   Silver / U.S. Dollar
94 1 1
Silver             has retreated after making a high of $16.66. Intraday trend is weak as long as $16.40 Holds.
On the upside any break above $16.40 would extend gains till $16.68/17 in short term.
The commodity short term support is around $16 and any break below will drag the commodity further down till $15.50/$15.
Indicators (15 min chart)
CCI (50) - Sell
Woodies CCI (14) - Sell
Ichimoku - Sell
Recommendation: Sell Silver             around $16.10, SL $16.40, Target $15.10.




Break Break, Long for 20 ?
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