Long opportunity Silver was facing bearish pressure, but managed to stabilise above an essential support at 31.300 without continuing further down. As long as the commodity remains above the 31.000, price action may likely move towards previous higher high at 33.000.
Depending with the trajectory of the bullish move in the coming weeks, and settling above 33.000, the commodity may yield to a rise targeting 34.000.
Failure to retest 33.000 which is a nearby resistance and going below 31.000 may lead to a bearish outcome.