FxWirePro: Silver takes support near trend line, good to sell on rallies

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