Silver has broken to the upside from its rectangle.
I went long at 26.21. Stop is placed at 25.335 (yesterdays low) with a target of 30. This is a reward/risk of 4 to 1. This represents $18K profit for a $4.5K loss per contract. I do not like breakouts that occur right near significant resistance. Silver has significant resistance at the 26.8 level. For this reason, I am taking a small long position.