Morning Report

Silver confirmed the stability above 29.05 again, where this stability negates thebearishness seen on Stochastic. Consolidation above the mentioned level suggests reaching the second target of the bullish Bat harmonic pattern. Therefore, our positive expectations remain valid today.

The trading range for today is among the key support at 27.10 and key resistance now at 31.30.

The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact.

**New York Candlesticks**

Previous Report

Weekly Report

 
Support29.0528.8528.1027.5027.10
 
Resistance29.9030.3030.5530.8531.00
 
RecommendationBased on the charts and explanations above, our opinion is buying silver above 29.05, and take profit in stages at (30.30 and 30.80) and stop loss with 4-hour closing below 28.10 might be appropriate