Silver- Bulls need 30.50 break

As I mentioned in my previous posts, I’m bullish on XAGUSD and expect a rise to $32.
However, the price action lately has been choppy and constrained in a range between $31 and around $30.

The good thing is that bulls have defended the $30 zone well so far. At the time of writing, silver is trading just under the $30.50 median of the range. A break above this level should help clarify things and open the door to $31, with potential acceleration toward my $32 target.

I’ll remain bullish as long as the price stays above $30 on a daily close basis.