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FX.co ★ Silver Readies To Clear Resistance

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Forex Analysis:::2012-08-09T07:32:42

Silver Readies To Clear Resistance

Silver Readies To Clear Resistance

Technical Outlook and Chart Setups:
There is no change in the above structure we have discussed yesterday. We remain bullish on the counter for a break higher towards 30.00. Fresh buying can be made on intraday dips as well. Support remains strong near the 26.50 region and resistance is well placed at 28.90 level. Stay long for now, breakout is expected at anytime.
Trading Recommendations:
Hold on to long positions for now, target 30.00

Good Luck!

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