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FX.co ★ Silver Seems To Be Breaking Out Already

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Forex Analysis:::2012-07-26T07:20:42

Silver Seems To Be Breaking Out Already

Silver Seems To Be Breaking Out Already

Technical Setup and Chart Setups:
As we can see, silver is already breaking out and a bullish candle today shall confirm it further. Otherwise, there is no much change in the bullish structure. Support remains strong at 26.50 level and immediate resistance is placed at 28.00 level. The swing structure recommends a target near at least 30.00 level. Stay long for now.
Trading Recommendations:
Stay long for now, build on intraday dips, and target 30.00

Good Luck!

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