Technical outlook and chart setups:
Silver is trading around the level of $14.07 now testing the trend-line resistance as seen here. The metal needs to push through $14.60 to turn bullish in the medium term. On a flip side, bearish reversal would encourage for bears to take control back. It is hence recommended to remain flat for now and watch for more evidence. Immediate support is seen at $13.60, while resistance is seen at $14.60. A push through $14.60 would give us the required confidence to buy on dips.
Trading recommendations:
Remain flat for now.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of Silver for December 17, 2015 . Thanks for your support.
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