Morning report

The up trending was technically very clear as we mentioned in our yesterday's reports affected by the ladder candle sticks formation inside the ascending channel which pushed silver to move steadily above the previous explained critical areas at 13.88( cluster resistance turned into support now), therefore we expect more incline as far as 13.45 remains unbroken. AROON indicator is still giving a strong bullish sign.

The trading range for today is among the key support at 13.35 and key resistance now at 15.00.

The general trend is to the upside as far as 12.00 remains intact with targets at 16.50.

Resistance14.40 14.55 14.70 14.90 15.00


According to our analysis, we believe that it is good to buy silver with a four hour close above 14.40 with targets at 14.85 and stop loss with a four hour close below 14.05.