Technical outlook and chart setups: Silver bulls seem to be looking for an opportunity to push the price through $15.00, which is also accompanied by the fibonacci 0.618 resistance, 50-day moving average, and intermediary resistance trend line as depicted on the H4 chart. The metal remains a sell-on-rallies candidate until prices stay broadly below $15.60 . It is hence recommended to remain short and also initiate fresh shorts around $15.00, with risk at $15.80. Immediate resistance is seen at the level of $15.60 and higher, while support is seen at $14.40/50 and lower.
Trading recommendations: Remain short, add more around $15.00, stop is at $15.80, a target is open. Good luck
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Rupesh003
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Trail Stop from 15 to 14.65
Rupesh003
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On Friday Night SILVER HIT LOW 14.36 BOOK PARTIAL PFOFIT AND WAIR FOR ANOTHER TARGET