xag usd weekly : bullish engulfing pattern tgt 17.4$ ??

xag usd weekly technical analysis for 7 to 11 march 2016

xag usd weekly technical analysis for 7 to 11 march 2016

Xag usd or spot silver this week closed with strong gains of almost 6%. After last week’s fall prices recovered from bottom and covered all the losses in just one week.   This week move suggest fresh rally start, on upside traders can expect targets of 16-17 and 17.4 in short to medium terms. On downside support as well as stop loss levels are at 15 and 14.6$.   Silver monthly chart witnessing long term rounding bottom recovery pattern and suggesting targets at 18.8 and 21.45$.

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