March silver futures a buying opportunity on more price strength.
See on the daily bar chart that March silver futures prices have seen a strong rebound the past two sessions as it appears the bears have become exhausted at lower price levels. The bulls would gain better upside near-term technical momentum by pushing prices above chart resistance at $20.48. That would also become a buying opportunity. The upside price objective would be $22.50 or above. Technical support, for which to place a protective sell stop just below is located at $19.75.
