Silver breaks $17,marching towards 200 DMA

FX:XAGUSD   Silver / U.S. Dollar
120 0 0
Silver             is currently trading around $17.26 and is expected to reach $17.80/$18.45. Short term trend is bullish as long as support $16.80 holds.

The minor resistance is around $17.40 and any break above would extend gains till $17.80/$18.45

On the downside minor support is around $16.80 and break will drag the commodity further down till $16.35/$16

Indicators ( Daily Chart )

CCI (50) - Buy

CCI (14) – Buy

CCI (14)-Buy

Recommendation: Buy Silver             around $17.20 SL $16.79, Targets $17.80/$18.40.
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