Under Pressure
Our Pivot: 21.64
Our Preference: Short sell Silver below 21.55 with strict stop loss of 21.64 and profit target at 21.40 with extension towards 21.33.
Alternate Scenario: Upward penetration of 21.64 will call for 21.77 and 21.82.
NOTE: Silver had penetrated below its major supportive trend line and its being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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