The strong support of 15.25 held as a stance as 76.4% Fibonacci retracement has offered a strong support to the metal. Despite stability below, Linear Regression but yesterday’s long lower shadow of the daily candlestick suggests further appreciation; however, we will watch out silver until it succeeds in taking 61.8% Fibonacci level.
On the downside, the floor for any long positions is at yesterday’s low of 15.25.
