FX.co ★ Silver Remains Buy on Dips. Looking Higher

Technical Outlook and Chart Setups:

The metal has retraced to 29.60 levels last week, which is re-enforced by the following.

1. Trendline Support

2. 0.618 Fibonacci support

3. Past resistance region at 29.50 turned support

4. A morning star has been produced on the daily chart

Trade Recommendations:

Hold on to long positions taken earlier, fresh longs are also favored, stop is at 29.00, target is open.

Good Luck!