As the attached daily silver chart shows, silver is now approaching the 13.80/00 conjestion zone with a few of the technical studies looking a little overdone. If we fail to take this region out during the first couple of attempts we could be heading back to 13.20 and possible 12.70.
Given that i have a significantly bullish view on silver AND that it has rallied during Asia i will hold off reccommending taking some longs off the table at current levels. I would advise to add to longs on dips to 13.20 and 12.90, with a stop on your entire position below 11.70 now.
