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Silver trades above trend line resistance, a jump till $14.62 is possible

The commodity has broken trend line resistance and jumped till $14.37 on Tuesday. It is currently trading around $14.32. Short term trend is bullish a jump till $14.62 is possible. On the lower side support is around $13…

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Silver trades above trend line resistance, a jump till $14.62 is possible
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  • The commodity has broken trend line resistance and jumped till $14.37 on Tuesday. It is currently trading around $14.32.

  • Short term trend is bullish a jump till $14.62 is possible. On the lower side support is around $13.95 and break below targets 13.60.

  • Overall trend reversal only above $14.62 and break above $14.62 will take the commodity till $14.86/$15.18.

It is good to buy at dips around $14.15-20 with SL around $13.95 for the TP of $14.62       

 

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