Silver may rise to 36.30 - 38.70

Pivot

30.10

Our preference

Long positions above 30.10 with targets at 36.30 & 38.70 in extension.

Alternative scenario

Below 30.10 look for further downside with 28.60 & 26.40 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

40.00 ***

38.70 ***

36.30 ***

34.62 Last

30.10 ***

28.60 ***

26.40 ***

Number of asterisks represents the strength of support and resistance levels.