If you will notice in attached image file. There so many reasons to buy silver at this stage.
# Breakout of Resistance with high volume.
# According to gap theory price will fill the upside gap that means price will fill 40900 gap.
# According to Fibonacci extension the next strong level is also same near 40900.
# If you noticed RSI oscillator it is also above the 50 level. Clear indication that silver is not in selling mode.
# Stochastic is also using in this chart which is leading indicator just given buy crossover.
# Moving average used in this chart that is 100 EMA, price is sustain above the 100 EMA clear indication. Moving Average is a lagging indicator.
# Chart Pattern CUP and Handle is there also there and price is clearly sustain above the handle\\\'s high. It means the target will be the depth of CUP. According to depth of the cup target will be near 40900.
I Hope price will jump from this level in short term.
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