Currently in 1200 points profit in Silver .The momentum doesnt seem to be ending. But iwill have to see how the price reacts to the major zone of 38300.This level has acted as support 3 times in a 1 year time zone so i wont be surprised if it acts as a major resistance this time around. I have done profit booking on this trade so i am on the safer side here. But i will surely get out of the remaining lots i have here and wait for price to retrace if price reverses from this zone.
Ill do fresh buying again once the volume/momentum is back to bullish. BUT and a big but..IF and a ever bigger IF ..the price breaks through this resistance in a very big move ..and maybe kisses the zone again to go back up ..ill load all in this again because that would mean the rally has not died and a fresh 1000+rally would begin.