Silver made a spike yesterday to 16.20 and then climbed back again real quick and climbed above 16.35 as technical indicators are showing today a tendency to the upside that might lead it to a first target at 17.20. Silver did not give any misleading signs lately and works really good and in harmony with what the indicators say.
The trading range is among the key support level at 16.20nd the key resistance level at 17.70.
The general trend is to the upside as far as 13.20 remains intact, with targets at 22.00 and 25.00.
|Buy silver at 16.35 with a target at 16.70 and a stop loss below 16.20|