Trade of the Day Silver

Silver upside support bounce

 

Silver is bouncing off the upside support 26-26.200 zone. To continue upside we need to see a confirmed break above the 27.200. As the instrument is squeezed here we need to see a break below 25.500 for a complete downside reversal. As long as the Silver is above 25 the uptrend is intact.

Note – We are inclined to long trade entries upon a break above 27.200 while a break below 25  will give us a perfect short trade opportunity

Silver price action trading strategy

 

 

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