Under Pressure
Our Pivot: 23.83
Our Preference: Start short selling Silver below 23.62 with strict stop loss of 23.83 and profit target at 23.22 with extension towards 23.00.
Alternate Scenario: Upward penetration of 23.83 will call for 24.00 and 24.20.
NOTE: Silver is being capped by a strong horizontal resistant region along with an ascending trend line.
Chart with supports & resistances:
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