XAG/USD silver weekly : above 15.8$ next tgt 17.85$

XAG USD commodity technical analysis for 21 to 25 march 2016

XAG USD commodity technical analysis for 21 to 25 march 2016

Xag usd or silver spot commodity this week closed with gain. After last week’s small correction, prices resumed recovery trend and heading towards major long term averages. This week xag/usd closed near major long term resistance of 15.8$ and above it expect major breakout for target 17.85$.   On downside, silver spot support zones are 15.15$ and 14.9$. These are also stop loss levels for traders.

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Pramod Baviskar

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