Gold Silver Reports (GSR) – Silver prices is currently trading around $14.82 marks. Intraday bias remains neutral till the time pair holds key resistance at $14.80 mark. It made intraday high at $14.97 and low at $14.76 levels.
Silver prices if daily close above $14.80 will test key resistances at $15.00, $15.20, $15.32 and $15.40 marks respectively.
On the other side, a daily close below $14.80 will take the parity down towards key supports at $14.60, $14.20, $14.00, and $13.90 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take silver short position on Silver around $14.84, stop loss at $14.92 and target of $14.70.
