Silver breaks short term trend line support $14.30, targets $13
Silver has broken short term trend line support $14.30 and is consolidating around that level. It is currently trading at $14.32. 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 $14.65
Silver further weakness can be seen only below $13.96.
It is good to sell on rallies around $14.30-35 with SL around $14.65 for the TP of $13.351.
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 $14.65
Silver further weakness can be seen only below $13.96.
It is good to sell on rallies around $14.30-35 with SL around $14.65 for the TP of $13.351.