Under Pressure
Our Pivot: 24.50
Our Preference: Short sell below 24.36 with strict stop loss of 24.50 and profit target at 24.08 with extension towards 23.90.
Alternate Scenario: Upward penetration of 24.50 will call for 24.5 and 24.65.
NOTE: Silver is being capped by resistant trend line of its bearish price channel.
Chart with supports & resistances:
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