Technical Outlook and Chart Setup:
The structure did not change much from yesterday. We still favor the above count of silver breaking out from 28.00 level cast as near term resistance. A break on either side of the cone (above) shall trigger an aggressive trade direction. 26.00 is the ultimate line in sand for the bulls.
Trading Recommendations:
Remain long for now, stop at 26.00. Target 29.90. One should flip trades on the break of the cone structure on downside.
Good Luck!
