As in Gold, expect an upward reaction from Silver when it reaches the Green Zone
As with Gold so is with Silver. Still no visible Buying Watch the Green Area for Critical Support
Silver Interestingly Poised ? Nicely Holding the Green Area ? Bullish COT Report, Momentum Diverging on W, D & 240 min Charts. With that in the background if the 4 Hour start closing above 16.250, the momentum can take it to 18.350. Again 18.150 is Crucial area, if it is able to SOLIDLY sustain the up-move above 18.250-18.300 area, then medium term Silver is in...
Nothing much to say, as i had said everything in Analysing Gold. same will be true for Silver
Look for Buy Setups in Silver around these two levels Marked in RED
* Bullish Butterfly * Rising trendline * Channel * Support zone
Let us trade the box..going 19$. Someone wants to hit the Silver. In that case we shall look for a target zone 16$ to 16.50$.