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Silver has taken support near trend line support around $14.50 and recovered till $14.75 at the time of wrting. It is facing strong support around $14.55 and any break below will drag the commodity further down till $14 in short term.
- Short term trend reversal only above $15 and break above $15 would extend gains till $15.15/$15.70.
- The commodity minor resistance is around $14.80
- Silver further weakness can be seen only below $13.96.
It is good to sell on rallies around $14.80 with SL around $15 for the TP of $14
