IF SL HIT THEN EXIT FROM SHORT TRADES
Silver remains HITTING (Targeting) downside support zone whish is around 15.00 oz . from 17.40 and is trading around $15.71. The metal has REJECTED the fibonacci 0.236 around $16.02, which is also past SBR . It is still recommended to hold SHORTS positions with risk at $16.10. Immediate support is seen at the level of $15.30 and lower while resistance is seen at $16.50 followed by $17.40, $18.46, and higher respectively. Silver bears should remain in control until prices stay blow the level of $16.00 in the coming sessions.
Trading recommendations: Remain SHORT, Stop LOSS at $16.10, A target is open.