Silver Daily Outlook

FX:XAGUSD   Silver / U.S. Dollar
122 0 0
Silver             has made a high of $18 and is slightly retreating from that level. Intraday trend is slightly bullish as long as minor support $17 holds.

The silver’s minor resistance is around $18.15 (200 Day EMA ). On the upper side any break above $18.15 will target $19.05 ( 61.8% retracement of $22.16 and $15.50) in short term.

Minor support is around $17.35 and any break will take the pair to 16.71/16.45.

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

Recommendation: Buy Silver             around 17.40, SL 17, Target 18.15/19.05.
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