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    Technical analysis of Silver for March 11, 2016 2016-03-11


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    Technical outlook and chart setups:

    Silver is looking unchanged now trading at the levels of $15.50/60 looking for an opportunity to push lower as expected earlier. The metal is expected to push lower towards at least $14.60 until prices remain below $15.80/90. It is hence recommended to remain short for now with risk at $15.93. Immediate resistance is seen at $15.80, while support is seen at $15.10/15. Bears are expected to push prices lower towards fibonacci 0.618 support at $14.50/60 as depicted here, holding at $15.93.

    Trading recommendations:

    Remain short with stop at $15.93, a target is open.

    Good luck!


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