Silver looks to have reached the upper end of the current up move. A correction towards the market zone is the likely outcome. Overall, I see silver to touch 70000+ levels in the coming months. Now buying will be below 55000 keeping stop loss below 48000 for the target of 70000 +.
High risks trader can use another spike towards 62500-63000 to short silver keeping stop loss above 64200.
Trade closed: stop reached:
Stop reached for high risk short sellers