Silver- Back to 100% Long

I have added back my long positions to Silver. The fact that it has stayed bound above the 14DMA is very constructive. The overhead resistance candle forced me to bail 50% of my position. I got back in at a lower price and feel more confident based on yesterday and this mornings price action.

On the long term chart, it is forming an ascending triangle. A weekly closing above 30 will quickly send silver to the 40 mark.

In my experience with ascending triangles, they tend to break out on the third touch.