Silver surges again, reinstates bullish trend

Precious metals were bid on Thursday and silver was trading nearly 3% higher during the US session, hovering near 26.50 USD.

Silver managed to break the stronger resistance of 26.15 USD, where the consolidation highs are located. As long as the price remains above this level, the short-term outlook seems bullish. 

The next target could be then at today's highs of 26.75 USD and if broken to the upside, the metal could rise toward 27.50 USD, where the lows of the last week's consolidation phase are located. 

Alternatively, if selling reappears, bears could push the price to 25.50 USD and if this support does not hold, the next target could be near 25 USD.

The greenback is losing ground today, which should support the precious metals. 
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