Silver has broken out of the triangle pattern shown on chart, confirming a short term bullish reversal, and hitting levels above 20.00. A break above 20.30 now would clear the way towards the next potential target at 20.90-21.00 level. Accordingly, we maintain our bullish stance.
Support: 20.13, 19.90, 19.60, 19.30, 19.00
Resistance: 20.30, 20.50, 20.90, 21.15, 21.40
Recommendation Based on analysis and explanations above, we prefer to long silver above 19.80 targeting 20.25 and 20.90. Stop loss below 19.45