Silver is approaching a historic peak

Silver prices fell on Tuesday near the levels of 34 dollars, after yesterday's strong rise, reaching a peak near the levels of 34.80 dollars.

We still expect the rally to continue and the current correction today is an opportunity to re-establish buying positions.

The expected targets for silver are at the levels of 34.70 dollars as an initial target, then the levels of 35.00 and achieving a new historical peak.

Any decline near the levels of 33.70 or 33.20 USD is considered good levels to buy again.

The bullish scenario fails if the USD 32.60 levels are broken.