Morning report

Silver respected our previous bullish expectation by reaching 13.35 areas and we still expect more incline for intraday basis based on the price action occurring above MA 50 and TEMA 15 as shown clearly on the above chart in addition to the Gator continuous positive signal confirming a new upside laddering formation as far as 12.85 remains unbroken.

The trading range for today is among the key support at 12.50 and key resistance now at 14.25.

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

Resistance13.45 13.55 13.66 13.74 13.88


According to our analysis, we believe that it is good to buy silver with a four hour close above 13.35 with targets at 13.65 and stop loss with a four hour close below 13.00.