silver

 

Silver headed higher last week after it managed to touch the major support level at the increasing trend line at 15.70s giving silver enough strength to reach as high as the key resistance level at 16.30s. We expect silver today to progress in the upside direction as well.

The trading range for today will be between the key resistance at 16.50 and the key support at 15.60.

The general trend is up as far as 13.20 remains intact targets now at 17.40 and 19.80.

 

Support16.0215.7815.6615.4515.30
Resistance16.13 16.30 16.50 16.75 16.90

Recommendation

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