20140626-061652-22612617.jpg

Looking at the silver chart above on the daily time frame, we can see that the metal has closed above the 200 ema for a couple of days. This is indeed looking good for the bulls and indicates a bullish resumption scenario in silver.

On the topside, we have 22 as the next target and below 21 would see support at around the 20.70.

~ Ardy