FX.co ★ Silver Meets Resistance At 34.30. Retracement Should Be Due

Technical Outlook and Chart Setups:

Yesterday the metal remained shy by a few pips of 34.30 levels. A push through 34.30 remains a possibility before a meaningful pullback materializes. It is still recommended to book maximum profits on long positions taken earlier around 31.00 level. A retracement towards 33.50 level is be ideal to re-enter buying. After 34.30 the next resistance would be met around the 35.00 mark, while support levels are spread through 33.25, 32.70/80, and 32.00 (critical levels for bulls to remain in control and move further up).

Trading Recommendations:

Book profits on long positions taken earlier, flat for now.

Good Luck!