FxWirePro

Silver Daily Outlook

Short
FX:XAGUSD   Silver / U.S. Dollar
1
Short term trend- Bearish
Silver has recovered slightly after making low of 15.50 and overall trend is weak as long as resistance 16.27 holds.
The silver’s minor resistance is around 16.27. On the upper side any break above $16.27 will target 16.82/17.03 in short term. Short term trend reversal only above $17.30.
Minor support is around $15.50 ( Median line ) and any break will target $15/14.

Indicators
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell Silver around $15.90-95, SL 16.27, Targets $15. 05 /14