Silver areas of interest (Bearish bias)

22 Kas 2016

After XAGUSD broke the major trendline we saw sharp declines in price. The decline stopped around the 61.8% Fib and a pullback is expected at least into the first area of resistance from 17.10-17.40 (Red Box). A continuation from there targets the swing lows at 16.40 and then the swing low at 15.80. No trade setups yet but will keep an eye out for a short setup

23 Kas 2016

Not

XAGUSD now targeting previous swing lows at 15.82

7 Ara 2016

Not

Silver entering area of first resistance. Eyes on 17.24 area (38,2% Fib)