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Technical analysis of Silver for September 11, 2015

Technical outlook and chart setups:

Silver faces resistance around the levels of $14.75-$15.00. Only a push higher through $15.00 could trigger further rally towards $15.60 and higher. It is hence recommended to remain flat at the moment and look for further directional clarification. Immediate support is seen at $14.00 followed by $13.00, $12.00, and lower, while resistance is seen at $15.60 followed by $16.40 and higher.

Trading recommendations:

Remain flat for now.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com