Under Pressure
Our Pivot: 21.93
Our Preference: Start short selling Silver below 21.72 with strict stop loss of 21.93 and profit target at 21.49 with extension towards 21.34.
Alternate Scenario: Upward penetration of 21.93 will call for 22.05 and 22.12 with extension towards 22.20.
NOTE: Silver is being capped by a horizontal resistant region at its correction levels.
Chart with supports & resistances:
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