Morning report

The price is moving upward clearly influenced by the bullish pattern appearing on the hourly chart as we discussed in our yesterday’s mid-day report, now silver is facing 2 important resistance points 12.90 and 13.12 but we still think that it’s capable of breaching it depending on the attempt of overlapping appearing on TEMA 15 & SMA 55 in addition to Gator bullish signal.

Note: As far as 12.45 areas remain unbroken we will keep our outlook to the upside.

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.

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