Technical Outlook and Charts Setups:
The chart above shows that silver also remains locked in the cone structure. Believe it or not, the break out (which ever direction) is going to be very powerful. Looking into the euro and gold vulnerability on charts, a break down can be quite possible within silver as well. Above 28.00 would be bullish for the metal while a break below 26.50 would invite to fresh lows.
Trading Recommendations:
Remain short aggressively with stop above 28.00 or trade in the direction of cone breakout.
Good Luck!
