Technical Outlook and Chart Setups:
Silver is again moving towards the upper boundary of its trading range as depicted above. 35.10/20 levels are of interest to go short again. We would also like to point that above 35.25/30 levels Silver would be heading towards higher levels, while a failure should trigger a heavy sell-off. More probable move is shorting resistance levels for now, since Daily Charts are stretched on the longer side. Resistance is at 35.10/20 levels, while support is at 34.30/50 levels.
Trade Recommendations:
Sell Resistance at 35.10/20. Buy Support at 34.30/50 for now. Trade Breakouts accordingly.
Good Luck!
