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Morning Report
The metal was able to achieve the first technical attempt to pass over the psychological levels of 20.00 and now, we can see a positive crossover on Stochastic over four hour time frame that could activate another technical attempt today-secondary image-. Thereby, we keep our suggestedpositive speculation of the bigger picture that we discussed in details in the weekly report and we recommend reviewing it.
The trading range for today is among the key support at 19.40 and key resistance now at 20.35.
The general trend over the short term basis is to the upside, targeting $ 21.50 per ounce as far as areas of 16.20 remain intact.
Previous Report
Weekly Report
| Support | 19.80 | 19.75 | 19.65 | 19.55 | 19.45 |
| Resistance | 20.00 | 20.05 | 20.15 | 20.25 | 20.35 |
| Recommendation | Based on the charts and explanations above our opinion is, buying silver around 19.85 targeting 20.50 and stop loss below 19.35 might be appropriate. | ||||
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