- Silver has broken minor trend line resistance $14.20 and is consolidating around these levels.
- Major resistance – $14.26 (55 day 4 H EMA)
- Any break above will take the commodity to new level to $14.40/$14.57.
- On the lower side minor support is around $14.07 and break below targets $14/$13.90.
It is good to buy at dips around $14.15-18 with SL around $14 for the TP of $14.50/$14.57
The material has been provided by InstaForex Company – www.instaforex.com