Technical Outlook and Chart Setups:
As it is depicted above, the structure remains quite similar from yesterday. The longer it remains confided within the cone structure, the more powerful will be a breakout on either side. Similar to gold, silver is also consolidating within the downswing, hence a slight bias would be towards a possible bearish breakdown n the sessions to come. Till then, playing support (26.40/50) resistance (27.80/28.00) game is the best trade plan.
Trading Recommendations:
For now buy the support (26.40/50) and sell resistance (27.50/28.00). Later trade towards a breakout.
Good Luck!
