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Long

Silver Daily Outlook

FX:XAGUSD   Silver/U.S. Dollar
85 0 1
Short term trend- Bullish
Silver             has made a high of $16.65 and is slightly retreating from that level. Overall trend is slightly bullish as long as minor support $16 holds.
The silver’s minor resistance is around 16.80. On the upper side any break above $16.80 will target $17.30/17.79 in short term. Short term trend reversal only above $17.80.
Major support is around $15.50 ( Median line ) and any break will target 15.05/14.

Indicators (4 Hours Chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy Silver             around 16.40-45, SL 16, Target 17.30/17.79.
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