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 th…
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.
