Short ASX below 5693.4 towards 5275.2
Since February 21st 2016, Silver has remained confined within a rising supportive trend line and currently rally slightly above it. I'm waiting for a clear bounce from this trend line to long silver towards 18.58. However, if price can clearly breakout below this trend line, then short positions will be more ideal and can be recommended. At the moment, its a waiting game. if the price is clearly rejected from the lower trend line, then this will be the best place to long silver.
R1: 22.01
S1: 16.01