Silver headed for resistance at 2028/33 and a selling opportunity but halted a little early at 2024 before collapsing to our buying opportunity at 1950/45. We bottomed almost exactly here at 1941 and may manage a recovery as far as 1960/62 for some profit taking on longs. If we continue higher look for 1971/75 to exit remaining longs and perhaps try shorts with stops above 1985.
The outlook is quite negative though so be ready to stop out of longs and go with a break below 1940. Next target is 1927 then 1920/19.