Silver Fresh trendline breakout
Silver was consolidating sideways between the levels of $26.00 on the upside and $21.65 on the downside since September. It gave a trendline breakout in the past week after taking the support of the daily moving averages. The white metal has now breached the previous swing high of $26.00 and has come out of the consolidation phase with a fresh breakout. Going ahead, the target on the upside is placed at $29.84 which is the previous swing high whereas the support is placed at $24.20 which is 20 DSMA.