Technical Outlook and Chart Setups:
Silver rallied past 33.20 level yesterday taking off a small time resistance. At the moment it is pulling back and just about to rally further. It is recommended to go long at current levels and buying on dips towards 32.50. Immediate support is at 32.00 followed by 30.50/60. A drop below 32.00 will be bearish for the yellow metal for at least in the short term. Looking higher for now.
Trading Recommendations:
Buy now, stop below 32.00, and target is open.
Good Luck!
The material has been provided by Instaforex Company - instaforex.com
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