The ounce of silver reached its major support at $ 26.70 again, a level that can be used by investors. Concerning the technical indicators, the RSI is also in an oversold zone which may indicate the proximity of a bounce back in the upcoming sessions. Stakeholders can therefore be bullish on silver with a stop placed below the major support at $26.70 to aim at first a return on $28.
Direction: Up
Entry: $26.90
Stop-loss: $25.80
Take-profit: $28
