A throwback cannot be ruled out in Silver before LT Bullish Tgt

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver is giving a good run up after breakout in July 2019 & is expected to continue this bullish trend in long term but a throwback cannot be ruled out in short term as both RSI & Stochastic are in overbought zone & can turn bearish soon as can be seen in the chart. On the upside $18.21 can act as an immediate resistance followed by $18.64 & $18.99. Thus, for short term Silver can be sold on market or on some rise towards $18 with a protective stop loss above $19 for a target of $15. On the downside $14.75 to $15.00 range can prove as a good support & thus a good buying range for long term target of $22.94.


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