FxWirePro: Silver faces short term resistance around $15, good to sell on rallies

Silver has broken major support $14.45 and declined till $14.28. It is currently trading at $14.41. The commodity is facing strong support around $13.99 and any break below will drag the commodity further down till $13.31/$13 in short term.

• Short term trend reversal only above $15 and break above $15 would extend gains till $15.15/$15.70.
   
• The commodity minor resistance is around $14.80
   
• Silver further weakness can be seen only below $13.96.

It is good to sell on rallies around $14.60 with SL around $15 for the TP of $ 14/$13.31.