Short term trend- Neutral
- Silver is trading in narrow range of 15.50 to 17.30 for the past five trading session and overall trend is neutral waiting for further trend confirmation.
- The silver's minor resistance is around 16.27. On the upper side any break above $16.27 will target 16.82/17.03 in short term. Short term trend reversal only above $17.30.
- Minor support is around $15.50 (Median line) and any break will target 15.05/14.
Indicators CCI (50) – Buy
CCI (14) – Buy
Recommendation: We prefer to remain neutral waiting for new confirmation signals.
The material has been provided by InstaForex Company – www.instaforex.com