Silver (XAG/USD) remains trapped in its range. Nevertheless, strategists at Credit Suisse continue to look for an eventual break higher.
Above $30.10/72 lies the $35.23/36 neighborhood
“Silver extends its sideways consolidation from last August but we continue to view this as a corrective pause ahead of an eventual move back to $30.10/72.”
“Beyond the $30.10/72 area is needed to act as the catalyst for a resumption of the core bull trend with resistance then seen next at $35.23/365.”
“Support at $23.78 now ideally holds.”
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