Silver has made a high of $17.18 and is slightly retreating from that level.Intradayl trend is slightly as long as minor support $16.50 holds.
The silver’s minor resistance is around $17.30. On the upper side any break above $17.30 will target $17.79/18.05 in short term. Short term trend reversal only above $18.20 (200 Day
Major support is around $15.50 ( ) and any break will target 15.05/14.
Indicators ( )
(50) – Buy
(14) – Buy
Recommendation: Buy Silver around 17, SL 16.50, Target 17.79/18.18.