FX.co ★ Silver tests 30.70. Recommended go long again

Technical outlook and chart setups:

The Daily structure for Silver remains constructive for bulls as earlier. The metal seems to have just tested 30.70 level (it was expected to form base around 30.50, as discussed earlier) and is bouncing off forming a morning star. It is highly recommended to go long again now at current level (30.88). Major, trend defining support is at 29.22 and till the time prices stay above, trade strategy is clear, buy on dips. Momentum remains bullish, looking higher from here on.

Trading recommendations:

Hold on to earlier long positions, go fresh long now (30.88), stop is at 29.00 (shall be revised soon), and target is open.

Good Luck!