Turning Down
Our Pivot: 15.90
Our Preference: Short sell below 15.78 wiht strict stop loss of 15.90 and target at 15.51 and 15.37.
Alternate Scenario: Upward penetration of 15.90 will call for 16.14.
NOTE: Silver Prices are moving in a bullish price channel and right now its getting resistance from a strong horizontal resistant region. 76.4% correction level of its last bearish rally is going to resist in current bullish spike.
Chart with Supports and Resistances:
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