Downside Prevails
Our Pivot: 21.60
Our Preference: Start short selling Silver below 21.40 with strict stop loss of 21.60 and profit target at 20.95 with extension towards 20.82.
Alternate Scenario: Downward penetration of 21.60 will call for 21.77 and 21.89.
NOTE: Silver is moving inside a bearish price channel.
Chart with supports & resistances:
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