Silver (spot) - Daily

From a technical aspect silver looks bullish. Initial major support sits at $26.53 followed by rising support at $26.07. If support falls below this trendline, then further support also sits at $25.21 then the Bollinger low of $24.47. Until this lower level is broken, upside is very possible. To the upside, initial targets/resistance would be $28.59 followed by the recent swing highs of $30. A break above $30 could take silver 10/15% higher aiming for the $35 region. This will also pull gold up too. MACD is trending positive with the RSI reading 58.1 showing plenty of ground for upside movement (and downside).