FxWirePro: Silver struggles to break above $15, good to buy at dips
Silver has broken major resistance $14.60 and jumped till $15.03. It is currently trading around $14.89. Short term trend is still bullish as long as support $14.60 (resistance turned into support) holds. The commodity i…
Silver has broken major resistance $14.60 and jumped till $15.03. It is currently trading around $14.89.
Short term trend is still bullish as long as support $14.60 (resistance turned into support) holds.
The commodity is facing major resistance around $15.10 (200 day MA) and any break above targets $15.73 (78.6 % retracement of $16.34 and $13.62).
On the lower side major support is around $14.60 (resistance turned into support) and break below will drag the commodity down till $14.30 (55 day EMA)/ $14.05/$13.85.
It is good to buy around $14.80-85 with SL around $14.55 for the TP of $15.75
