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Long

Silver Daily Outlook

FX:XAGUSD   Silver / U.S. Dollar
81 0 0
Short term trend- Bullish
Silver             has made a high of $17.18 and is slightly retreating from that level.Intradayl trend is slightly bullish 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 EMA
Major support is around $15.50 ( Median line ) and any break will target 15.05/14.

Indicators ( Daily Chart )
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy Silver             around 17, SL 16.50, Target 17.79/18.18.

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