May silver futures a buying opportunity on more price strength.
See on the daily bar chart for May Comex silver futures that prices are in a fledgling uptrend. A bullish symmetrical triangle pattern has also just formed on the daily bar chart. The silver bulls have gained some upside technical momentum recently. A move above chart resistance at Tuesday morning’s high of $32.16 would provide the bulls with some fresh upside near-term technical momentum and it would also become a fresh buying opportunity. The upside price objective would be $34.50, or above. Technical support, for which to place a protective sell stop just below, is located at $30.80.
