Silver Uplifted

Silver is trading higher today due to technicals as main factor for a bull run. After a few days of consolidation on the upper trendline and the 200SMA, Silver bulls reacted strongly seeing an opportunity to buy low at around 14.85.

Price is currently 15.66 with a high of 15.785 for the day. Today is the fourth consecutive day for Silver gains, implying that a correction or a consolidation might be just around the corner.

First level of resistance is 15.93, second level is 16.37.
First support is seen at 15.30, second support is 14.95.

Chart: XAG/USD D1