Ichimoku analysis (Daily chart)
Tenken-Sen- $26.52
Kijun-Sen- $26.37
Silver has lost more than $1 from a high of $27.92 on the surging US dollar. US dollar index jumped more than 50 pips after hitting a multi-month low at 89.20. The overall trend is bullish as long as support $26.49 holds.
Technically, silver's significant support is at $26.49 and violation below will drag the pair down till $25.84/$25.35/$24.81. The near term resistance is at $28, any surge past confirms trend continuation. Jump till $28.90/30 is possible.
It is good to buy on dips around $27.50 with SL around 27 for TP of $29
