ipuneet

silver - 18.442 should hold for the bulls.

FX_IDC:XAGUSD   Silver / U.S. Dollar
18.442 lies on a trendline that has supported XAGUSD multiple times, since Feb 17-18.

A break below this level can initiate selling or correction in overbought markets.

Targets on the downside can be, 18.41 - 18.31 - 18.22 - 18.19.

18.56 can be used as S.Loss for short positions.

Momentum is strong sofar, 18.41 or corresponding level can be used as a stop for long side positions too.
Trade closed: target reached: All targets achieved.

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