Structure Analysis for Silver

Since the monthly False Break $SLV has generated between Nov 2015 and Feb 2016, $SLV has exploded higher and broke through a key structure zone (15$) and two weekly SMA lines.

17$ is another Weekly Structure Zone that now $SLV is facing with. It can create some short term pullback in Silver             .. even such pullback that will drive it back towards 15$.

The final target zone for $SLV's weekly bullish move, in my opinion, is the 18-19$ weekly structure zone. If and when the price will reach there, it will allow enough time for the 200 weeks MA to reach that zone and add its weight to make it a very strong weekly Sell Zone

Based on this weekly structure analysis, if you want to trade $SLV you should either focus on the 15$ support zone for bullish trades, or wait for $SLV to reach 18.5-19$ to try and short the Sell Zone.
Obviously you can also try to sell the Weekly Structure near 17$, but if you want stronger Price Zones, $15 and 18.5$ are the levels you should pay attention to

Tomer, The
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Comment: Approaching Target
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