Silver Weekly Technical Outlook

Silver's pull back from 15.99 extended lower last week. Further fall could be seen but still, we're expecting strong support from 61.8% retracement of 13.62 to 15.99 at 14.52 to contain downside and bring rebound. And a break of 15.99 is in favor to extend recent rebound from 13.62 to 16.37 resistance. However, sustained trading below 14.52 will bring 13.62 low back into focus.