FX.co ★ Technical analysis of Silver for April 02, 2014.

Technical outlook and chart setups:

1. Silver remains unchanged since several days, trading around the $19.70/80 levels. Indications are bullish, till prices stay above the $19.00 mark. Recommendations are to remain long, look to add further at these levels ($19.80). Risk remains at $19.00.

2. Resistance is at $21.70/80, followed by $22.30, $23.00 and higher up, while supports are spread across $19.00, followed by $18.75 and lower respectively.

3. The entire structure is indicative of resumption of rally towards the $23.00 and $25.00 mark. Bottomline is that $19.00 levels should remain intact.

Trading recommendations:

Hold longs. set stop at $19.00/25, target is open.

Good luck!