Silver is trading in narrow range of 15.50 to 17.30 for the past ten trading session and overall trend is slightly and is expected to reach 17.20 in short term.
The silver’s minor resistance is around 16.27. On the upper side any break above $16.27 will target 16.82/17.20 in short term. Short term trend reversal only above $17.30.
Minor support is around $15.50 ( ) and any break will target 15.05/14.
(50) – Buy
(14) – Buy
Recommendation: Buy Silver around 16, SL 15.50, Target 16.80/17.19.