Under Pressure
Our Pivot: 24.47
Our Preference: Start Selling Silver below 24.31 with strict stop loss of 24.47 and profit target at 24.00 with extension towards 23.90 and 23.80.
Alternate Scenario: Upward penetration of 24.47 will call for 24.65 and 24.80.
NOTE: Silver is caged inside an ascending wedge on hourly chart and its being capped by a horizontal resistant region.
Chart with supports & resistances:
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