FX.co ★ Silver Remains Locked Under 28.30 Levels.

Technical Outlook and Chart Setup:
There is absolutely no change in the chart setup and the above structure since several trading sessions for now. Silver remains locked in a rising wedge waiting for the final push above 28.30 level. Support remains strong at 27.00 and 26.50 while resistance stays at 28.30 level for now. Simplification of the above setup is the following: a break of either boundaries of the wedge, as shown above, shall define the trend direction. Normally, rising wedges have tendency to break to the north.
Trading Recommendations:
Hold on to long positions taken earlier, target 30.00.

Good Luck!