Silver respected our previous reports in which we expected this upward move which breached the Fibonacci expansion level at 13.60 (check previous report here)based on lots of bullish signals as shown on the above chart. The most important point now is the daily close which we need to watch it carefully. A clear close with stability above 13.88 areas will push silver to incline in the medium term towards 16.00-16.50 areas.

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.

Resistance13.95 14.08 14.30 14.50 14.70


Risk is too high today,we will wait for today's close.