Downside Prevails
Our Pivot: 24.40
Our Preference: Short sell below 24.30 with strict stop loss of 24.40 and profit target at 24.14 with extension towards 24.05.
Alternate Scenario: Upward penetration of 24.40 will call for 24.53.
NOTE: Silver is moving in a descending price channel on hourly chart and right now its moving downward for expansion of its previous correction.
Chart with supports & resistances:
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