Morning Report

The metal is trading positivily, affected by the suggested bullish Bat harmonic pattern and the bullish classic pattern mentioned in or previous report. The extension of the upside move is available today, especailly when momentum indicators are positive. Consolidation above 29.05 is necessary to confirm our positive outlook over intraday basis, while the current upside move depends on stabiltity above 28.10.

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

Support29.7029.4029.0528.8528.10
Resistance30.0030.3030.5530.8531.00
RecommendationBased on the charts and explanations above, our opinion is buying silver above 29.40, and take profit in stages at (30.80 and 31.30) and stop loss with 4-hour closing below 28.10 might be appropriate