Silver (Comex) : 16.45-16.75 Zone May Be A Big Hurdle As Hawkish Fed Stance May Return On Stable China

Trading Idea: Silver

CMP: 16.04

Sell either below 16.35 or on rise around 16.45-16.75;

TGT: 15.45 - 14.55* - 13.55 - 12.25 (1-3/6M)

TSL> 16.80

Note: Consecutive closing (3 days) above 16.80 for any reason, Silver may further rally up to 17.15-17.60-18.75 & 19.20-19.50 and 20.60-20.90 in the short to mid term (alternative bullish case scenario).

Analytical Charts: