FX.co ★ Silver: Bullish structure intact. Rally gains momentum. 29.00/20 key supports

Technical outlook and chart setups:

The overall structure remains unchanged, from what was discussed yesterday. The prices seem to have bottomed out around 29.70 last Friday. 4H charts are indicating a possibility of bullish momentum to resume now. Intermediary support is at 29.70 level, while strong support is at 29.00 level, the prices are expected to stay above it in the coming sessions. Resistance begins from 31.20 level and extends through 32.50 in the short term setup. It is recommended to hold long positions and add further at current levels.

Trading recommendations:

Hold on to long positions taken earlier, add further longs at current levels (30.00/05), stop is at 29.00, and target is open (fresh swing highs).

Good Luck!