The Commodity is trading in a range at lower levels. The commodity is consolidating between 22.29-22.52, we need to wait for the commodityto break beyond this level, if the commodity is able to break on either side according to that we will suggest to take position.

If the breakout is on the upside thecommodity has to close above 22.52 , wait for one 15 min candle to close above this level, if it is able to close above the mentioned level start buying for a .20 point target with a SL of .10 points

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the commodity has to close below 22.28 levels, wait for one 15 min candle to close below the level, if it is able to close below the mentioned level start selling for a 0.20 point target with a SL of 0.10 points.

If the Macd is trading below 0 it will give an add up confirmation to the downside.

Silver

Dec 03 2021

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