Silver Holds 32.50 Levels. Look Higher

Technical Outlook and Chart Setups:

As it was depicted above, the following facts should be noted:

1. The downside Fibonacci extensions were met near 32.70/75 levels.

2. Support at 32.50 still holds good.

3. On the 4H Chart a pullback is hinting at a bullish reversal.

Trading Recommendations:

Hold on long positions taken earlier, stop just below 32.50, and target open.

Good Luck!