According to the ladder candlestick shape which was formed clearly as shown on the above chart we still speculate that the upward direction will continue where this intraday outlook will not change unless 13.00 areas emain unbroken. It's clear now that TEMA 15 & EMA 50 indicators are moving now below the trend line supporting the bullish direction. Note: The uptrend line which represents the lower line of the ascending channel is gaining more strength depending on its angle and numbers of points it touched.
The trading range for today is among the key support at 12.95 and key resistance now at 14.70.
The general trend is to the upside as far as 12.00 remains intact with targets at 16.50.
|According to our analysis, we believe that it is good to buy silver with a four hour close above 13.60 with targets at 14.05 and stop loss with a four hour close below 13.25.|