Downside Prevails
Our Pivot: 18.63
Our Preference: Start short selling Silver below 18.39 with strict stop loss of 18.63 and profit target at 18.13 with extension towards 17.97.
Alternate Scenario: Upward penetration of 18.63 will call for 18.87.
NOTE: Silver is being capped by a horizontal resistant region.
Chart with supports & resistances:
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