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FxWIrePro : Silver takes support near trend line support around $14.30, good to sell on rallies

  • Silver has taken short term trend line support around $14.30 and recovered from that level. It is currently trading at $14.54. The commodity is facing strong support around $13.99 and any break below will drag the commodity further down till $13.31/$13 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 $14.65-70 with SL around $15. for the TP of $14/8$13.35.

 

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