Silver needs stability above $35,80 for rebound to $36,80

The sharp sell off in Silver from $37.30 reached $35.50 and the new week Asian session trading witnesses some positive attempts to make a rebound towards $36.45 followed by $36.80
The current recovery requires stability above $35.80 which acts as local consolidation base.
Immediate resistance sits at $36.22 which bulls need to clear in order to move upward to $36.45
A strong break and stability above $36.45 opens the way to next leg higher $36.80
It is important to note that the immediate trend will flip to bearish if local support zone $35.80 fails to hold.
Author

Sunil Kumar Dixit
SK Charting
Sunil Kumar Dixit is Chief Technical Strategist and founder of SK Charting, a research firm based in India. He tracks Precious Metals, Energy, Indices and Currency Pairs. He also participates as an expert panellist on Channel Television, Nigeria.


















