Downside Prevails
Our Pivot: 21.62
Our Preference: Short sell Silver below 21.49 with strict stop loss of 21.62 and profit target at 21.31 with extension towards 21.18.
Alternate Scenario: Upward penetration of 21.62 will call for 21.67 and 21.73.
NOTE: Silver is in expansion mode of breakout of its previous ascending wedge on hourly chart.
Chart with supports & resistances:
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