26.11.201509:08 Forex Analysis & Reviews: Technical analysis of Silver for November 26, 2015

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Technical outlook and chart setups:

Silver is trading around $14.20 levels at the moment, after bouncing off the resistance turned support trend line at $14.05 levels, as depicted on the 4H chart view here. Please note that the metal could push through $14.55 and subsequently through $14.95 levels, if bulls are able to sustain $14.04 lows and subsequently $13.90 levels. It is still recommended to remain flat in the metal and wait for a break of at least $14.55 levels. Immediate interim support is seen at $14.04 levels, followed by $13.93 and lower, while resistance is seen at $14.55 levels, followed by $14.0 and higher respectively.

Trading recommendations:

Remain flat for now. Look for a break above $14.55 levels.

Good luck!

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