Morning report

The bullishness continues as shown on the 4h chart that the price is moving freely above 13.60 Fibonacci expansion level while volumes increase gradually supporting the bullish candlestick patterns and as shown on the left side of the image that the hourly chart formed a positive laddering shape which succeeded to breach the pivot point of Camarilla equation and its now struggling against the most important point of H3 at 13.86 as any break of which will argue the price to continue the upside action towards 14.30 areas followed by 14.50. Therefore our overview will be bullish today as far as 13.00 zones remains unbroken

The trading range for today is among the key support at 12.95 and key resistance now at 14.60.

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












Support13.7513.6513.5513.4013.25
Resistance13.95 14.08 14.23 14.40 14.60

Recommendation

According to our analysis, we believe that it is good to buy silver above 13.88 with targets at 14.45 and stop loss at 13.40.