Technical outlook and chart setups:

Silver has finally broken above 24.00 bringing an end to the sideways movement, since several days. Please note that 24.00 level is the resistance turned support now and hence fresh long positions can be built around this region, on dips. It is recommended to stay long on positions taken earlier and target 25.00 and 26.00 levels as minimum potential targets. Partial profits could be booked around 25.00 level. The 26.00/50 level is immediate resistance, since it was previous support and prices are expected to reverse from there lower. Higher up resistance levels are 28.10/20, 29.20/30, 32.10/20 and higher; while supports are fixed at 22.00, 21.45 and 20.00 on the long-term charts. Bottom line: Remain long till at least 26.00/50 levels.

Trading recommendations:

Remain long, stop is at 22.50, and targets are 25.00 and 26.00.

Good luck!