Downside Prevails
Our Pivot: 23.41
Our Preference: Short sell below 23.25 with strict stop loss of 23.41 and profit target at 22.86 with extension towards 22.75.
Alternate Scenario: Upward penetration of 23.41 will call for 23.52 and 23.58.
NOTE: Silver is being capped by a strong resistant trend line.
Chart with supports & resistances:
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