Here is why I am Bullish Silver in the short term:
- still within this 1 hr trend support with higher low
- hit resistance at previous high of 16.491 thus pullback
- ideal target on this long is 16.63 which is ideal for another resistance
- stop at 16.26 (risk 12 points) to make 25 points +/-
Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.