Silver Spot
The market has breached the two years high of $.19.81 (C1) and today’s Bull Run has confirmed bullish undertone as price is holding above $ 19.81 (T1).This breach was important as it would now give momentum to the prices to test $ 20.50 (T2) in few trading session.
We recommend to hold or to add to the existing longs targeting $ 20.50. A stop could be placed at a closing below $19.50.
Strategy – Go long targeting $ 20.50 - 21 with the stop loss closing below $ 19.40.
Best Wishes
Jai Jinendra :-)
