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FxWirePro: Silver recovers after making a low of $14.47, good to sell on rallies

  • Silver is trading narrow channel for past three trading session. It is facing strong support around $14.65 and any break below will drag the commodity further down till $14.45/$14 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 $14.70-75 with SL around $15 for the TP of $ 14

 

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