Silver tests support

Since its breakout on July 15th, silver established medium-term resistance at $42 before retracing to test the new support level at $38/ounce. With gold in an exponential up-trend, support is likely to hold and recovery above $40 would re-test $42. In the longer term, breakout above $42 would signal an advance to $45/ounce*.
Spot Silver XAGUSDO

* Target calculation: 39 + ( 39 – 33 ) = 45