Morning report

Silver succeeded to move stably above 12.85 (The previous critical explained area), hence the bullish scenario is still in favor as far as 12.50 remains unbroken on the intraday basis confirmed by the candle stick formation where the metal just needs volume to reach 13.25 first followed by retesting 13.45 and a clear break of which will support it to retest the medium term sensitive areas of 13.88 again.

The trading range for today is among the key support at 12.00 and key resistance now at 13.88.

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

Resistance13.12 13.25 13.36 13.45 13.55


According to our analysis, we believe that it is good to buy silver with a four hour close above 13.00 with targets at 13.50and stop loss with a four hour close below 12.65.