Rupesh
Short

SELL SILVER SL15.40 TARGET 14.80

FX:XAGUSD   Silver/U.S. Dollar
38 0 4
Technical outlook and chart setups:
Silver             has taken out initial resistance at $15.31 levels earlier, and is pulling back for now.. Please also note that the metal is trading comfortably above its 50 day moving average . It is recommended to remain short for now, with risk around $15.35 levels. Immediate ressitance is seen at $15.30/40 levels, followed by $17.750, and higher while support is seen at $14.40 levels ,. The metal would like to test trend line SUPPORT around $14.80 levels.

Trading recommendations: Remain short for now, stop at $14.35, a target is at $14.80.
Good luck!

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