Technical Outlook and Chart Setups:
Silver made a low yesterday at around 32.20/30 levels, but the important fact is that 32.00 support remains intact. Looking at the intraday (small timeframe) structure it still remains constructive for bulls to rally further up in the sessions to come. 32.80 level might provide temporary resistance for intraday rallies but potential remains to clear the immediate resistance at 33.80. It is recommended to hold long positions taken earlier and further add on intraday dips. Looking higher from here on.
Trading Recommendations:
Hold long positions taken earlier. Stop is below 32.00. Target is open.
Good Luck!
