Silver strongly reversed to the north after testing the lower line of the bullish trend channel. As long as the price holds above 26,00, bullish pressure may start to rise again. 27.90 can be followed as confirmation for upward moves. But bullish traders should be careful if the trend channel is broken.
From the start of the year, interest in silver is increasing. ETFs’ silver holdings increase more than %9 just in two months while ETFs’ sold gold, buy platinum and palladium around %2.5 and %1.5. Silver’s advantage may create pair trading opportunities against gold.