Silver is hovering around on major support that is intact since July 2013.It is definitely something to keep on your radar.
ENTRY:
The break above $19.75ish will attract more active buyers.
TARGETS:
Next resistance is @ $21 where 200 MA then $22 February high. Break below $18.217-$19 support zone could lead to down momentum as buyers who relied on that level of support will be forced to cover their losing positions.
STOP: below $19.00 and I use short term moving averages to trim and trail my profits
ENTRY:
The break above $19.75ish will attract more active buyers.
TARGETS:
Next resistance is @ $21 where 200 MA then $22 February high. Break below $18.217-$19 support zone could lead to down momentum as buyers who relied on that level of support will be forced to cover their losing positions.
STOP: below $19.00 and I use short term moving averages to trim and trail my profits
