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FxWirePro: Silver faces strong resistance around $14.65, good to sell on rallies

  • Major resistance - $14.65 

  • The commodity jumped till $14.36 and started to decline. It is currently trading at $14.21. Short term trend is still weak as long as resistance $14.65 holds.

  • Any break above $14.65 will take the commodity to next level around $15./$15.25 level.

  • On the downside minor support is around $14 and break below targets $13.80/$13.60 level. 

  • Intrad day bullishness can be seen only above $14.40.

It is good to sell on rallies around $14.40 with SL around $14.65 for the TP of $13.80/$13.65.

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