FX.co ★ Technical analysis of Silver for May 29, 2014

 Technical outlook and chart setups:

1. Silver is again possibly forming bottom around $19.00 levels as seen here. The metal could stage a bullish bounce from current levels till prices stay above $18.75. Recommendations are to remain long with stop below $18.50. 

2. Support is seen at $18.90, followed by $18.75, $18.50/60 and lower while resistance is seen at $19.90, followed by $20.40, $21.70, $22.30 and higher respectively.

3. The structure indicates that Silver remains constructive for bulls till prices stay above $18.75. A break below should be encouraging for bears.

Trade recommendations:

Remain long, stop below $18.50, target is open.

Good luck!