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2015.03.0507:46:00UTC+00Silver Daily Outlook

Silver is consolidating around $-16.05-$16.87. Overall trend is neutral and it should break on either side for further trend confirmation.
On the upside break of $16.85 will target $17.15/$17.50. The pair's minor support is around $16 and any break below will drag the commodity to $15.50/15.

Indicators (4 hour chart)

CCI (50) - Sell

CCI (14) - Sell

Ichimoku- Sell

Recommendation: We prefer to remain neutral waiting for new confirmation signals.

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