this is what I see...
Silver May2013 contract.
your march 1st was a bounce off channel support. so yes... but I missed that day, and I'm weary to buy so late.
if it can break up above 29.35, it could reach the top of the channel. but i'm not willing to take the risk when its in the middle of the channel.
I'd short if it hits the top of the channel. and yes, you did the right thing by buying at the bottom of the channel.