Under Pressure
Our Pivot: 21.92
Our Preference: Short sell Silver below 21.85 with strict stop loss of 21.92 and profit target at 21.73 with extension towards 21.67.
Alternate Scenario: Upward penetration of 21.92 will call for 21.99 and 22.08.
NOTE: Silver is moving downward after facing rejection from 61.8% correction of its last bearish rally and being capped by strong resistant regions.
Chart with supports & resistances:
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