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FX.co ★ Silver Remains Bullish

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Forex Analysis:::2012-07-27T07:39:58

Silver Remains Bullish

Silver Remains Bullish

Technical Outlook and Chart Setup:
There is no change from our bullish bias within the metal. The breakout has materialized yesterday and today the movement should be following up to the higher side until the weekend. Support remains strong at 26.50 level now while resistance comes in at 28.50 and 29.00 levels. Bulls are targeting above 30.00 levels for now. Stay long.
Trading Recommendations:
Stay long, targeting 30.00.

Good Luck!

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