FX.co ★ Silver Remains Bullish Above 32.50 Level

Technical Outlook and Chart Setups:

As depicted above, Silver has broken the short-term trendline but at the same time is holding above 32.50 level. The overall structure remains constructive as prices hold 32.50 level. 34.20/30 levels will provide resistance now and prices need to push through those level to instill further confidence on the bullish side. On the other hand, if 32.50 support breaks (less probable), bears would possibly want to target lower towards 30.00 level. At the moment, 32.00-32.50 levels remain key for the trend to remain bullish. Long for now.

Trade Recommendations:

Stay long for now. Stop below 32.50. Target open.

Good Luck!