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Silver short term Trend analysis





Recently silver has broken out important resistance of 29.25 confirming neckline breakout of inverse head and shoulder pattern as per 240 minutes chart suggesting primary rally till 32-32.20 in short term. As per hourly chart silver making measured move and signalling next top around 32.20 as per this measured move.

Recommendation: based on charts and explanations above our opinion is to buying silver on decline around 29.30-29.70 for targeting 32-32.20 with stop loss below 29 might be appropriate on 240 minutes closing basis.
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