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Silver faces strong support at $14.65, break below targets $14

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…

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Silver faces strong support at $14.65, break below targets $14
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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.
     
  • Silver further weakness can be seen only below $13.96.

It is good to sell on rallies around $14.68-72 with SL around $15 for the TP of $ 14

 

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