Technical outlook and chart setups:
SNow silver is trading higher around the levels of $14.20/25, but still remains inside the cone consolidation structure as seen on the H4 chart. The metal needs to break higher towards $14.35/40 to confirm a breakout of the consolidation. At the moment, it is bouncing off the resistance and support lines within the consolidation. It is hence recommended to keep trading accordingly, and then trade in the direction of a breakout. Immediate resistance is seen at $14.35, while support is found at $13.80/90.
Trading recommendations:
Buy at the support of $13.90/14.00 and sell at the resistance of $14.30/35 now.
Good luck!
