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Short

Silver Daily outlook

FX:XAGUSD   Silver/U.S. Dollar
71 0 1
Short term trend- Slightly bearish
Silver             is trading in narrow range of 15.50 to 17.30 for the past five trading session and intraday trend is bearish as long as minor resistance 16.27 holds.

The silver’s minor resistance is around 16.27. On the upper side any break above $16.27 will target 16.82/17.03 in short term. Short term trend reversal only above $17.30.
Minor support is around $15.50 ( Median line ) and any break will target 15.05/14.
Indicators
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell Silver             around $15.80, SL 16.27, Targets 15.05/14.55.
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