Mid-day report

Silver is moving mildly upwards as it seems that, the market is on its way toform an extended daily CD leg for the previous discussed harmonic pattern, targeting 127% Fibonacci of XA leg around 17.30 areas. Hence, an incline is to be witnessed for the rest of the day as far as the key support of 16.25 hold.

The trading range for today is among the key support at 15.75 and key resistance now at 17.90.

The general trend is to the upside as far as 10.95 remains intact with targets at 17.90.






Support16.7316.6516.5416.3416.25
Resistance16.8517.0017.1217.2017.25
RecommendationOur mornig expectation is still valid