Silver was one of the best performers this week
and surged nearly 10%.
The industrial metal gained after upbeat US
economic data and speculation of an early
rate cut.
It trades above 21, 55- EMA, and above 200 EMA
in the 4-hour chart. The near-term support is
around $25.90 and a break below the targets of
$25.70/$25.18/$24.75. On the higher side
immediate resistance is around $27.35, and
any breach above targets is $28.
Signal
Buy $26.50 SL around $25.70 for TP of $27.5/.$28
Sell $28 SL around $29 for TP of $26