Silver could be set to re-test recent highs... My key levels...
Updated
If bears fail to break current levels 24.80 - 25.40, I think we could see a rally to test 28.30 which I think is a key level to breaking out to new highs.
I'm trying to enter in early in anticipation of that breakout which is a bit risky. Again no guarantees as I think market may continue sideways within current trading range but I think the buying pressure is there for a potential breakout move. Need to watch 28.3 if the market do manage to reach it soon. If current support is broken to lower prices, will exit as needed to mitigate loss (somewhat tight stop here).
Target for such a breakout move is the 38 handle...
I'm trying to enter in early in anticipation of that breakout which is a bit risky. Again no guarantees as I think market may continue sideways within current trading range but I think the buying pressure is there for a potential breakout move. Need to watch 28.3 if the market do manage to reach it soon. If current support is broken to lower prices, will exit as needed to mitigate loss (somewhat tight stop here).
Target for such a breakout move is the 38 handle...
Trade closed: stop reached
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