Silver – BUY at 10.5

Daily Silver chart

Weekly silver chart looks bearish, from past 2 weeks down volume is high. But currently silver is trading at support zone (from 10-11). Daily chart suggests a consolidation. Fridays daily candlestick has opened near previous day’s open and has closed near previous day’s close. This indicates less selling interest.

Weekly Silver chart

If silver won’t fall below 10, than I think it is a good time to BUY silver at 10.5 with stop/loss just below 10 with target 1 at 11.5, target 2 at 12 and above