Technical outlook and chart setups:
Silver remain unchanged and broadly into cone type consolidation structure for now. Support is seen at the $13.72 levels and resistance is seen around the $14.30 levels for now. The metal is trading around the $14.10/14 levels for now, it might correct lower towards the $14.00 levels at least, before pushing higher towards the $14.30 levels. Please note that the metal needs to break above $14.30/35 and confirm a bullish break out. Furthermore, a break above the $14.60 resistance would be extremely encouraging for bulls to remain in control. It is hence recommended to remain long and look to add further on dips.
Trading recommendations:
Remain long for now, add further around the $14.00 levels, stop at $13.70, target $14.30/50+
Good luck!
