Forecast for Silver - levels and targets: ranging near bullish reversal

Silver (XAG/USD): ranging near bullish reversal. The price is on primary bearish with the ranging within 16.34 key resistance level and 13.96 key support level located below Ichimoku cloud and Senkou Span lines with the bearish area of the chart. Key resistance level at 16.34 is located near 'reversal' Senkou Span line on the border between the primary bearish and the primary bullish trend on the chart. Intermediate support level for the price is 14.26, and if the price crosses this level from above to below so we may see 13.96 as the next bearish target. Bullish reversal level is 16.34, and bullish resistance level is 17.75 located above Ichimoku cloud in the bullish area of the chart.

• if the price breaks 16.34 resistance so the reversal from the primary bearish to the primary bullish market condition will be started in secondary ranging way;
• if the price breaks 17.75 resistance so the price will be fully reversed to the primary bullish market condition;
  
• if the price breaks 13.96 support level so the primary bearish will be continuing without ranging up to the new 'bottom' to be forming;
  
• if not so the price will be moved within the channel.