Morning report

The cluster support at 12.45 areas is still protecting silver from moving downside more exactly as we mentioned in our mid-day report yesterday and now we expect a double bottom formation is under construction and the bullish candlestick pattern is supporting this overview, hence we will keep our intraday outlook to the upside as far as 12.25 remains unbroken based on William %R clear oversold signal.

The trading range for today is among the key support at 12.00 and key resistance now at 13.50.

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

Resistance12.75 12.85 13.00 13.12 13.25


According to our analysis, we believe that it is good to buy silver with a four hour close above 12.60 with targets at 13.05 and stop loss with a four hour close below 12.25.