Silver Weekly Technical Outlook

Silver's rebound suggests that a short term bottom was formed at 14.33, ahead of 14.155 key support level. Some resistance was seen from 55 days EMA on initial attempt. Hence, some consolidation would be seen first. But we'd expect another rise ahead. Rise from 14.33 was seen as the third leg of the sideway pattern from 14.155 and would target 17.775/18.505 resistance zone.

from Oil N' Gold Focus http://ift.tt/1J7k1rD