FX.co ★ Technical analysis of Silver for December 17, 2015

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!