Trading recommendation:
Silver is in the strong upward trend on the mid-term and it is good to watch for buying opportunities. We got consolidation for few days and Silver is in my opinion ready for new pushing higher. Watch for buying opportunities.
Pink rectangle – Support cluster ($16.32)
Red horizontal line – Broken resistance ($16.46)
Blue horizontal line – Upward target and resistance ($16.64)
MACD oscillator is in positive territory above the zero and the slow line is rising, which is sign that upward movement present. There is also completion of the U-turn or failed test of the support in the background, which is another huge sign that upward movement is on the way. Additionally, I found breakout of the upper band and this great confirmation for bullish movement. Key resistance is set at the price of $16.64.,
