gldfx

Silver - wait for break of $26.20

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
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2
Silver has now broken above its multimonth descending trendline and has cleared the 20-day and 20-week MA which should now act as support. Silver failed to close above its November highs. A break with momentum through $26.20 will provide confirmation that Silver is heading for $30 in an impulse move. A failure to clear $26.20 and it's likely that Silver will retest its descending trendline at $24.20.

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