Technical outlook and chart setups:
As depicted on the daily chart view here, the overall bullish structure remains intact. 29.22 is defined as major support (trend defining). There is still a possibility that prices fall towards the 30.30/50 region before rallying past fresh highs. At the moment, intermediary support is at 30.70/75 and should prices hold, Silver would rally towards 34.50/60 straight from here. It is recommended to buy on dips till 29.22 remains intact.
Trading recommendations:
Hold long positions, stop is at 29.00, and target is open.
Good Luck!
